Daily Management Review

Google has New CEO and a New Company


Indian born Sundar Pichai was named the new CEO of the search giant Google while the company announced the formation of new company Alphabet.
Pichai an Indian by birth, was born and brought up in Chennai, India and a graduate from IIT-Kharagpur in BE in metallurgical engineering. He later pursued his Masters form Stanford University and did an MBA from the Wharton School of the University of Pennsylvania.
A relatively low profile at the global company, Pichai is known to have a reputation for simplicity and his ability to quietly navigate the workplace politics.
 Pichai’s biggest earlier achievement at Google was his taking up charge of Android after Android co-founder and CEO Andy Rubin stepped down in 2013. He also headed teams at the company that were instrumental in designing applications like the Chrome browser, desktop products such as the Google Toolbar, Desktop Search and Gadgets.
The 43 year old Pichai has been associated with Google for the last more than a decade after he joined the company in 2004 as its vice president of product management and led the team working on the Chrome browser.
Though Chrome was launched four years later to other browsers like Firefox and Microsoft’s Internet Explorer, Chrome outdid both the browsers soon enough in popularity and usage. It is regarded as the world’s most popular web browser due to its speed and simplicity. 

Pichai became directly responsible for Google’s core products – Google Search, Android, Chrome, infrastructure, commerce, apps, and Google Apps or its enterprise solutions after he was named the head of products at Google in October 2014.
Since then, Pichai has been considered as the second man at the Silicon Valley giant.
“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. He has really stepped up since October of last year, when he took on product and engineering responsibility for our internet businesses,” said Larry Page, co-founder of the company.
Meanwhile, Larry Page, co-founder of Google announced the creation of new company ‘Alphabet’.

According to an announcement made by Page, Alphabet would be a collection of companies which would also include Google. It would have other companies like Life Sciences, that works on the glucose-sensing contact lens and Calico that is focused on longevity.

“Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related,” says Page in the announcement. Page would be the CEO of the new company Alphabet.

“Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President,” says Page.

The concept behind the creation of the new company is the model that would allow the role of strong CEOs who runs each business and Page and Sergey to help the CEOs whenever needed.

The new company would be in charge of overseeing the functioning of all the companies of Google.

“We will rigorously handle capital allocation and work to make sure each business is executing well. We'll also make sure we have a great CEO for each business, and we’ll determine their compensation;” said Page.

The Q4 results for Google however would be provided separately than those for the rest of Alphabet businesses as a whole.

The appointment of the new CEO for Google would allow Page time for continuing scaling of their aspirations, said Page.

(Source:www.hindustantimes.com & www.streetinsider.com)