Indian Boy Mr. Sundar Pichai Is Now New CEO Of Google, Larry & Brin WIll Hold Alphabet : On Monday, Google co-founder Larry Page named Sundar Pichai as CEO of Google, while Larry Page and co-founder Sergey Brin will head a larger holding company Alphabet. Sundar Pichai is a graduate of IIT Kharagpur and Stanford University, Pichai had “really stepped up since October of last year, when he took on product and engineering responsibility for our Internet businesses,” Mr. Page said in a blog post, adding that he and Mr. Brin were “super excited about his progress and dedication to the company. Now below get complete details of Mr. Sundar Pichai Is Now New CEO Of Google.
Sundar Pichai : New CEO Of Google
Google Inc. had announced the creation of a new, parent company, called Alphabet. Alphabet Inc. will replace Google Inc. as the publicly traded entity and all shares of Google will convert into Alphabet shares.
Sundar Pichai will get Annual Salary Package of $50 Million and in India it will be Rs 320 crore 57 Lakhs (approx.)
Mr. Pichai is the man to head their $66-billion revenue, $16-billion profit, company– by most accounts he combines a deep passion for engineering excellence with a rare managerial quality of attracting the best talent into the teams he works with.
Mr. Pichai started at Google in 2004, where he was known as a “low-key manager” who worked on the Google toolbar and then led the launch of the market-beating Chrome browser in 2008.
Following this his rise through the ranks of Google took on an increasingly meteoric tenor, and soon he became Vice President, then Senior Vice President, and ultimately was charged with supervising all Google apps including Gmail and Google Drive and finally given control of Android itself.
His promotion to Product Chief in October 2014 literally made him Mr. Page’s second-in-command with oversight of day-to-day operations for all of Google’s major products including maps, search, and advertising.
Some of Mr. Pichai’s colleagues describe him in the media as a skilled diplomat, including Caesar Sengupta, a Google Vice President who has worked with Mr. Pichai for eight years, and said to Bloomberg News, “I would challenge you to find anyone at Google who doesn’t like Sundar or who thinks Sundar is a jerk.”
“Google is not a conventional company. We do not intend to become one.”
We did a lot of things that seemed crazy at the time. Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven’t stopped there. We are still trying to do things other people think are crazy but we are super excited about.
“Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President.”
What is Alphabet?
Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.
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 also announced that Sundar Pichai will become the new 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. I have 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. Google itself is also making all sorts of new products, and I know Sundar will always be focused on innovation—continuing to stretch boundaries. I know he deeply cares that we can continue to make big strides on our core mission to organize the world’s information.”
Alphabet will also include Ventures, Capital, and Google’s X lab which incubates efforts such as Wing (drone delivery). Alphabet Inc replaces Google Inc as a publicly traded entity and all shares will convert into the same number of shares of Alphabet. However, the company will continue to trade as GOOGL and GOOG.
- Getting more ambitious things done.
- Taking the long-term view.
- Empowering great entrepreneurs and companies to flourish.
- Investing at the scale of the opportunities and resources we see.
- Improving the transparency and oversight of what we’re doing.
- Making Google even better through greater focus.
- And hopefully… as a result of all this, improving the lives of as many people as we can.
Source : abc.xyz
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