Larry Page announces Alphabet and massive Google restructuring with Sundar Pichai as CEO
Sundar Pichai is the new CEO of Google as the company undergoes a huge restructuring. Co-founders Larry Page and Sergey Brin are moving to a new company called Alphabet -- which has a superb URL -- which will serve as an umbrella company for Google and its various projects.
Google itself is being, in Page's words, "slimmed down" and the change is quite an extraordinary one. Page quotes the original founders' letter that was written 11 years go. It states that "Google is not a conventional company", and today's announcement makes that perfectly clear. There's a lot to take in...
Alphabet is, essentially, the new face of Google. Page chose to make the announcement in a blog post that went live after the stock markets closed. This is more than just a rebranding, it is a complete shakeup, the scale of which is almost unprecedented. Alphabet has Page as CEO, assisted by Sergey Brin in the role of president. Putting Pichai at the head of Google is part of improving the focus of the company.
