Google now owned by newly created parent company Alphabet with Sundar Pichai replacing Larry Page as CEO
Google has made former Android boss Sundar Pichai CEO after announcing a corporate restructure that has seen the creation of holding company Alphabet.
In a blog post made following the close of the US stock exchange, Google co-founders Larry Page and Sergei Brin said they would create a new holding company that would allow them to “slim down” Google.
Pichai, who had been in charge of its smartphone operating system Android as well as its Chrome web browser, replaces Page, who becomes CEO of Alphabet.
Pichai joined Google in 2004 where he oversaw the development of Chrome and Chrome OS, as well as working on cloud storage feature Google Drive.
He took over responsibility for the Android operating system in March 2013, and was made product chief by Page in October last year.
The firm will spin off some branches including its Life Sciences and Biotech unit, with their own corporate structures.
Page sought to position the move as a further move toward the technology-driven disruption and innovation he, Brin and Google have all long espoused. “We did a lot of things that seemed crazy at the time,” Page wrote in a blog post.
“Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven’t stopped there. We are still trying to do things other people think are crazy but we are super excited about.”
The search engine giant will now trade as Alphabet Inc, with ventures such as Android, Maps and YouTube remaining under the Google umbrella.