Sundar Pichai to Be CEO of Google as Brin and Page Reorganize
Google today announced sweeping changes to the structure of the company that sees Google Inc. becoming part of a larger company called Alphabet. Moving forward, the large business entity known as Google will be renamed Alphabet. Google will operate as a smaller part of Alphabet with Sundar Pichai — long the head of Google's Android and Chrome businesses — taking charge as CEO of Google. Larry Page will become CEO of Alphabet, an entity that both he and Google co-founder Sergey Brin will manage. "What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead," explained Page. "What do we mean by far afield? Good examples are our health efforts: Life Sciences and Calico." YouTube is another business that will operate as a separate unit under the over-arching Alphabet brand, as are the X Labs and Google Ventures and Capital. Page said Alphabet Inc. will replace Google Inc. as the publicly traded company in the stock market. Page and Brin believe giving each business unit some independence and its own identity will add focus and lead to better long-term prospects for each. The changes are effective immediately.
Eric Schmidt, Alphabet Chairman, to Take Advisory Role
Alphabet Executive Chairman Eric Schmidt this week said he plans to step down from his leadership role on the company's board and will instead serve as a technical advisor to the company. "Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition.
Google Puts Its Cloud Businesses Under One Roof
Google today made an organizational change with respect to its cloud-based products. Moving forward, Google for Work, Cloud Platform, and Google Apps will all fall under the purview of Diane Greene where they can be managed together.
Ingress Leaving Google Family
As part of its recently-announced corporate restructuring, Google will be parting ways with Niantic Labs, creators of the Ingress and Field Trip apps. Google will now be part of the larger Alphabet parent company.
Google and Microsoft Make Nice, Drop Regulatory Complaints
Microsoft and Alphabet, parent company of Google, have agreed to cease all ongoing regulatory fights between them. Microsoft has complained to US and European Union antitrust regulators often and loudly with respect to Google's search practices and other behaviors.