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