Google Undergoes Reorganization; Welcomes Sundar Pichai as the New CEO
MOUNTAINVIEW, CA: Google co-founder Larry Page announces a massive restructuring of the company. Page and Sergey Brin will soon be heading a larger organization called Alphabet as CEO and President respectively while overseeing Google along with other affiliated companies like the life-extension project Calico and a drone delivery venture called Wing as wholly-owned subsidiaries of Alphabet.
As a part of such rigorous re-structuring of the company the former Chrome OS and Android chief who has played a significantly indispensable role in Google’s core operations Sundar Pichai is now destined to become the new CEO of Google.
Sundar Pichai who created the Chrome browser joined Google just before its 2004 initial public offering. Now 43 years old Pichai was born in Madras, India and earned his degree from Indian Institute of Technology at Kharagpur (IIT KGP) in Metallurgical Engineering. He holds an MS from Standford University in Material Sciences and Engineering and an MBA from the Wharton School of University of Pennsylvania. Pichai worked in engineering and product management at Applied Materials and in management consulting at McKinsey & company.
Page in the post says "I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations."
Although the news of reorganization might seem a bit of a surprise for some, but such was a well anticipated move as Google itself was moving into many divergent product categories which are not related to their core internet services business where the company primarily focuses on. Projects such as Ara, Self-driving car and projects launched through Google X are examples of wide divergence in their product.
The reorganization involves significant financial restructuring as well. Evidently all Google shares will now be traded as shares of the larger holding company Alphabet. The news has already taken its effect on its share prices soared nearly four percent in the wake of the announcement.
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