News

Sundar Pichai Appointed as the New Google CEO; Google Reorganizes as Alphabet Inc.

Sundar Pichai Appointed as the New Google CEO; Google Reorganizes as Alphabet Inc.

The sweeping reorganizations in Google were made starkly apparent with the appointment of Sundar Pichai as the new CEO of Google and the creation of a separate holding parent company called Alphabet Inc.

Pichai with an MA from Stanford University and an MBA from the University of Pennsylvania’s Wharton School joined Google in 2004 and has steadily risen in the ranks to become the new CEO in a restructured organization.

download

To better explain the whole operating structure, Alphabet Inc. is the parent umbrella org of search engine and advertising run by Google’s current leaders – Chief Executive Larry Page,co-founder Sergey Brin as President and Chief Financial Officer Ruth Porat. Under this will be the new Google subsidiary headed by Sundar Pichai which will include Google’s other businesses including YouTube, Android and Chrome OS as well as other units. Each Alphabet subsidiary is expected to have its own CEO all reporting to Larry Page and each unit under Alphabet will probably be set up as a spin-off public company. Just ahead of the announcement for Alphabet, Google’s market value was estimated at a whopping $444 billion.

When asked about the choice of name (Alphabet) Larry Page said, “We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search. We also like that it means alpha-bet (Alpha is investment return above benchmark), which we strive for!”

So, in effect, it is a complete reorganization, one which was announced in a blog post by Page who wrote, “We did a lot of things that seemed crazy at the time. Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven’t stopped there. We are still trying to do things other people think are crazy but we are super excited about.”

Google-Larry-Page

He continued saying, “In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well.”

 

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News
@YasmitaC

A blogger with a passion for creative writing and all things related to gadgets and gizmos, sports and fun stuff in the world of movies and music. Loves to stay on top of the latest news and keeps an eye out for unique stuff, the kind that our readers look for and enjoy.

More in News

best-anroid-watches

Our List of Top 5 Android Smartwatches in 2015

Yasmita ChowdhurySeptember 1, 2015
Gatorade-Profile-Dash

Innovation: Instant Push-Button Ordering with the Amazon Dash button

Yasmita ChowdhuryAugust 31, 2015
blackberry-venice-leak-3

Gadget Leaks: The New BlackBerry Venice Android Slider Smartphone

Yasmita ChowdhuryAugust 31, 2015
viveGSC_610

HTC VR Vive Production Delayed till 2016

Yasmita ChowdhuryAugust 28, 2015
Facebook-M-1080x675

Facebook Launched its own Virtual Assistant called M

Yasmita ChowdhuryAugust 27, 2015
3d-robotics-solo-drone_white-front-above-970x646-c

Moviemaking Takes to the Sky with the 3DR Solo Drone

Yasmita ChowdhuryAugust 27, 2015