Tech giant Google on Tuesday appointed Indian-origin Sundar Pichai as the Chief Executive Officer (CEO) of Alphabet, replacing Sergey Brin as the head of the parent firm. Alphabet was established in 2015 as a “collection of companies” that separates Google from Other Bets which are not part of its core businesses like Waymo (self-driving cars), Verily (life sciences), Calico (biotech R&D), Sidewalk Labs (urban innovation) and Loon (rural internet access via balloon), according to TechCrunch.
Google co-founders Larry Page and Brin, the CEO and president of Alphabet, will continue their involvement as co-founders, shareholders and members of Alphabet`s Board of Directors. On the other hand, Pichai has become the CEO of both Google and Alphabet. He will assume the role of managing the Alphabet`s investment in its portfolio of Other Bets.
Pichai will remain a member of Alphabet`s Board of Directors. “With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it`s the natural time to simplify our management structure. We have never been ones to hold on to management roles when we think there`s a better way to run the company. Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet,” Page and Brin said in a statement.
“He (Pichai) will be the executive responsible and accountable for leading Google, and managing Alphabet`s investment in our portfolio of Other Bets. We are deeply committed to Google and Alphabet for the long term and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we are passionate about!” they added.