Google co-founder Larry Page announced a massive restructuring of the company, instituting Sundar Pichai as CEO and shifting himself and co-founder Sergey Brin to a larger holding company called Alphabet. As CEO and President of Alphabet, Page and Brin will oversee Google as well as affiliated companies like the life-extension project Calico and a drone delivery venture called Wing. Alphabet will also direct Google’s early-stage funding operations, dubbed Capital and Ventures. Under the new organization, each of those operations will have its own CEO and leadership, while Pichai and Google retain control of search, ads, maps, the Google Play Store, YouTube, and Android.
“Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. 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. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately than those for the rest of Alphabet businesses as a whole,” Page said in his blog post.
“It is clear to us and our board that it is time for Sundar to be CEO of Google,” Page said in the post. “I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations.”
Business Insider touched base with a bunch of sources close to the company to get their reactions on the new CEO. Everyone whom Business Insider talked to about Pichai emphasized that the executive was very empathetic; he actually cares about people. He knows how to build amazing teams. “Substance over overt style,” attitude ultimately sums up Pichai’s focus on quality work, focus, and results instead of standing out, Business Insider was told. Pichai often acted as a spokesman for Page. By not only interpreting Page’s vision, but then coordinating efforts between groups, Pichai may have already been stepping into his role before it was officially given to him.
Born in India, he went to school in Chennai at Jawahar Vidyalaya and VanaVani.He earned his Bachelor of Engineering degree from Indian Institute of Technology, Kharagpur (IIT Kharagpur) in Metallurgical Engineering. He then went to, the alma mater of the Google founders, Stanford University for his M.S.. For his MBA, Sundar went to the Wharton School of the University of Pennsylvania.