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Tuesday, 11 August 2015 23:19

Google Drives Better Leadership Performance Under New Holding Company, Alphabet‏ Featured

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Google Reorganizes Under New Holding Company Alphabet‏; Sundar Pichai to Lead Largest Subsidiary Google as CEO

Google reorganizes itself into a new holding company, Alphabet, whose largest wholly owned subsidiary will be Google. Google Co-Founders Larry Page and Sergey Brin will be Alphabet’s CEO and President, respectively. Eric Schmidt will be the Executive Chairman of Alphabet. SVP of Corporate Development, Chief Legal Officer and Secretary of Google David C. Drummond will be the Chief Legal Officer and Secretary. The company’s Chief Business Officer, Omid Kordistani, will step down and become an adviser to Alphabet and Google. 

Sundar Pichai, 43, who had been SVP in charge of products, will be CEO of Google, which will encompass Internet products like search, maps, YouTube and applications like Gmail. Pichai will add YouTube to his list of products. YouTube CEO, Susan Wojcicki, will now report to him, whereas she previously reported to Page. In addition, Pichai will oversee the business operations for Google Inc.

Pichai was SVP, Android, Chrome and Apps before being promoted as SVP of all Google products last year. Earlier, Pichai served as VP of Product Management joining Google in 2004. Before that, he held various engineering and product management positions at Applied Materials, and was a Management Consultant with McKinsey for a variety of software and semiconductor clients. He served as a Director of Jive Software as a Member of Board of Advisors at Ruba.

Page, Brin, Schmidt and Drummond will leave Google, whereas Google’s CFO Ruth Porat will remain in that position and will also be CFO for Alphabet.

Other entities under Alphabet will include Google Fiber, a provider of ultrafast Internet service. There will also be two financial businesses, Google Ventures, the venture capital arm, and Capital, which does private-equity-like deals. Google X, which includes projects like self-driving cars, a drone delivery service and an attempt to make Internet-connected balloons, will be managed separately and run by Sergey Brin.

Date: August 12, 2015

Read 2651 times Last modified on Thursday, 10 September 2020 17:44
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com

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