Chennai born, Sundar Pichai became the CEO of the core business of Google, as the major corporate restructuring formed an parent company called Alphabet.
Several other companies will operate under Alphabet acting as the parent holding company, including Google, a company focused on health efforts called Life Sciences, and a company focused on longevity called Calico.
On the other hand, Google will continue to focus on Internet products. Android, YouTube, search and ads will remain part of Google Inc.
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The American multinational technology company Google was founded in 1998 by Larry Page and Sergey Brin and went public in 2004. In 2015, it announced its new operating structure by posting a blog called "G is for Google."
The search engine giant Google announced a corporate restructuring and formed a new parent company, called Alphabet.
Alphabet is the name that Mr. Page and Mr. Brin, Google's founders, have given the newly created parent entity and announced Sundar pichai as the new CEO to the core business of Google.
Pichai has worked at Google since 2004 as low-key manager, and lately was promoted to become senior vice-president of product.
Larry Page will head the company as CEO, Brin as president and will also continue to head Google X labs, and serve as president of Alphabet, while Eric Schmidt becomes Alphabet's executive chairman.
Alphabet will house the Google search business and several smaller holdings like Nest, a maker of smart thermostats, Google X, Next, Fiber, Google Ventures, and Google Capital.
Interestingly, all these sister companies will work as independent Alphabet companies, have more freedom to take risks, and will retain their current leadership. Nest will be led by Tony Fadell, Sidewalk Labs by Dan Doctoroff, and Calico by Arthur Levinson. YouTube CEO Susan Wojcicki will now report to Pichai.
Google will continue to focus on Internet products, and will have Android, YouTube, search and ads as its part.
The Silicon Valley entity, Alphabet already has its own website using the address abc.xyz.
The Alphabet was choosed because, its 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. alpha‑bet where, Alpha is investment return above benchmark.