In a major restructuring, Google has been made a wholly-owned subsidiary of Alphabet. Google founders Larry Page and Sergey Brin will now head the parent company. Page will be the CEO and Sergey Brin will be the President of Alphabet Inc.
43-year-old Pichai, who was in-charge of product and engineering for Google’s internet businesses, has been made the CEO of the “slightly slimmed down” Google.
“Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously enjoying our work together,” said Page in a blog post which was out late on Monday night.
“He has really stepped up since October of last year, when he took on product and engineering responsibility for our Internet businesses. Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google,” said Page while praising Pichai.
Pichai joined Google in 2004 as its Vice President of product management, where he led the team that worked on Google’s Chrome browser and operating system.
In his blog post, Page explained the restructuring saying that Pichai would “run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations”.
“This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google. A key part of this is Sundar Pichai,” Page explained.
Alphabet Inc. will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with the same rights.
Pichai joins the growing list of Indian-origin technology and business executives heading multi-billion dollar American giants.
Pichai’s qualifications – B.Tech from the Indian Institute of Technology (Kharagpur), MS in Engineering and Materials Science from Stanford University and an MBA from the Wharton School – have taken him to new heights of success.
In February last year, Satya Nadella was named CEO of Microsoft, becoming only the third CEO in the tech giant’s 40-year history. His predecessors were Steve Ballmer and Bill Gates.
Several high profile executives congratulated Pichai on Twitter including Nadella and Google’s Executive Chairman Eric Schmidt.
“Really excited about the vision and brilliance of Sundar… he’s going to be a great CEO,” Schmidt said on Twitter.
Other giants like PepsiCo, Master Card and Nokia are all headed by people born in India.
(With inputs from PTI)