Google surprised the world with the news of a major restructuring. Google has restructured the company under a new corporate name Alphabet Inc. Larry Page will be running Alphabet Inc. as CEO and Sergey Brin, as President.

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Alphabet: Collection of New Companies

The largest company under Alphabet will be Google, of course. This newer Google is a bit slimmed down, with the companies that are pretty “far afield” of main Internet products contained in Alphabet instead. If you are wondering what “far afield” products means, Google is basically talking about Life Sciences efforts (the glucose-sensing contact lens), and Calico (focused on longevity). Under the new organization, each of operations will have its own CEO and leadership.

This will provide the ability to scale and run things that are not related more independently.  Alphabet will also direct Google’s early-stage funding operations, dubbed Capital and Ventures.

Sundar Pichai, CEO of Google

As part of this new restructuring, Sundar Pichai will replace Larry Page as Google’s CEO. Google retains control of search, ads, maps, the Google Play Store, YouTube, and Android.

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Larry considers Sundar Pichai, 43, a “key” part of this entire restructuring. Larry said in his blog post “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. 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. ”

In his role as Senior Vice President, Products, Pichai oversees product management, engineering and research for Google’s products and platforms. Previously, Sundar was SVP of Google Android, Chrome and Apps, working on consumer products “used by millions of people.” Since search engines are accessed via browsers, Chrome gave Google more control its search results distribution.

Pichai’s team developed the Chrome operating system, which powers laptops that proved very popular among students due to low cost. For the past two years, Mr. Pichai has become a face of the company at the Google’s annual developer conference.

Sundar Pichai was raised in Chennai, India and attended IIT.  He came to the U.S. in 1993 for a graduate engineering degree at Stanford University. Sundar Pichai also holds an M.B.A. at the University of Pennsylvania’s Wharton School.

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