Google becomes part of Alphabet – and gets a new boss

“Since joining Google in 2004, Sundar has led a number of key consumer products which are now used by hundreds of millions of people and, prior to his current role, served as Google’s SVP of Android, Chrome and Apps”, the company said in the filing in which it also noted that Pichai received a B.Tech from the IIT-Kharagpur, a MS from Stanford University, and an MBA from the University of Pennsylvania. These ventures include Google’s ongoing initiatives in different arenas, including self-driving cars and avant-garde medical research. Page himself will be Alphabet CEO.

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Google’s co-founders Larry Page and Sergey Brin have set up a new company called Alphabet, which Google itself is now housed under. Page mentions the Life Sciences division, which is responsible for that smart contact lens concept among other things; Calico, which “aim[s] to devise interventions that slow aging and counteract age-related diseases”; and the experimental X lab as subsidiaries that are now under the Alphabet banner rather than Google’s. The new arrangement will however come into effect some time later this year.

The shuffle also looked to have the markings of Ruth Porat, who joined Google as its chief financial officer in March from Morgan Stanley. Page is to become CEO of Alphabet, while co-founder Sergey Brin will be president. Google also has some services that are run with their own identity, like YouTube.

Devicescape says there’s therefore a natural fit with iPass which claims it has the largest global commercial WiFi network with its 20 million hotspots in airports, hotels and so on across the globe. Alphabet is about businesses prospering through strong leaders and independence. Speaking with CNBC, Negari reported that following Google’s announcement he was witnessing all kinds of names being registered and got 250 registrations in just 60 seconds.

Page explained that “our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed”.

“It may not be quite ready yet”, said Gillis. And it is clear to us and our board that it is time for Sundar to be CEO of Google. He has really stepped up since October of last year, when he took on product and engineering responsibility for our Internet businesses.

Alphabet Inc would replace Google Inc as the publicly traded entity, and all shares of Google would automatically convert to shares of Alphabet, with all the same rights, Mr Page said.

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Some other analysts were cautious, saying the new holding company would need to provide more details on cash flow of the experimental business segments.

Google restructures creating new parent company, Alphabet