India-born Sundai Pichai named as new CEO of Google.
All you need to know about new CEO of GOOGLE : SUNDAR PICHAI.
India-born Sundar Pichai was named CEO of Google on Tuesday by the company’s founders Larry Page and Sergei Brin in course of a re-organization that created a mother company called Alphabet.
Pichai, 43, a Chennai native who went to IIT Kharagpur and later to Stanford and Wharton, will take charge of a slimmed down Google (quickly dubbed Google Minus) that Larry Page said will be stripped of companies “that are pretty far afield of our main Internet products,” which will all go into Alphabet. Page will be CEO of Alphabet.
The new mother company will include, besides Google, units such as Calico (which focuses on Longevity), X lab (which incubates new efforts like Wing, Google’s drone delivery effort) and units dealing with life sciences (such as the one working on smart contact lens that detects blood sugar level). Google’s investment arms, Ventures and Capital, will also be part of Alphabet.
“We’ve long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant,” Page said in a blog explaining the rational for the restructuring, adding that the “new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google.”
Still, Google will remain the biggest piece of Alphabet. Explaining Pichai’s elevation, Page said he (Pichai) has really stepped up since October of last year, when he took on product and engineering responsibility for Google’s Internet businesses.
“Sergey (Brin) and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google. 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,” he wrote.
He said he has been “spending quite a bit of time with Sundar, helping him and the company in any way I can, and I will of course continue to do that.”
A straight elevation for Pichai would have meant that two of the world’s five largest companies by marketcap are headed by executives of Indian-origin — Pichai at Google which is ranked #4, and Microsoft, which is ranked # 5, is helmed by Satya Nadella.
But it won’t be so straightforward. Page explained that Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet, which he (Page) will helm. The company’s two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
Still, the elevation is a milestone for Indian-origin CEOs, of whom there are at least half dozen in Fortune 500 companies, including Indra Nooyi at Pepsi, Ajit Banga at Mastercard, and Sanjay Mehrotra at SanDisk. There is a good chance that the third ranked Berkshire Hathaway too could be headed by a PIO with Ajit Jain strongly tipped to succeed Warren Buffett. Apple and Exxon Mobil are ranked #1 and #2 respectively.
SUNDAR PICHAI :
Born in India, he earned his Bachelor of Engineering degree from Indian Institute of Technology, Kharagpur (IIT Kharagpur) in Metallurgical Engineering. He holds an M.S. from Stanford University and an MBA from the Wharton School of the University of Pennsylvania, where he was named a Siebel Scholar and a Palmer Scholar. He did his schooling from Chennai at PSBB and VanaVani. He was the captain of his high school cricket team, and took the team to win the Tamil Nadu regional cricket tournament.
Pichai worked in engineering an+9d product management at Applied Materials and in management consulting at McKinsey & Company
Pichai joined Google in 2004, where he led the product management and innovation efforts for a suite of Google’s client software products, including Google Chrome and Chrome OS, as well as being largely responsible for Google Drive. He went on to oversee the development of different apps like Gmail and Google Maps. On 19 November 2009, Pichai gave a demonstration of Chrome OS and the Chromebook was released for trial and testing in 2011 and released in public in 2012 . On 20 May 2010, he announced the open-sourcing of the new video codec VP8 by Google, and introduced the new video format WebM.
On 13 March 2013, Pichai added Android to the Google products he oversees. Android was formerly managed by Andy Rubin. He was rumored to be one of the contenders for the CEO position of Microsoft in 2014.
He serves as a Member of Board of Advisors at Ruba, Inc.
He was a Director of Jive Software from April 2011 until 30 July 2013. Pichai is married to Anjali Pichai and has a daughter and a son.
Pichai was appointed as CEO of Google on 10 August, 2015 after previously being appointed Product Chief by then-CEO Larry Page on 24 October, 2014.