Google announces major restructuring with new parent company ‘Alphabet’, Sundar Pichai named CEO of Google subsidiary
Google has announced a major restructuring of the entire organization, starting with the creation of an all-new company called Alphabet, Inc., which will now serve as the parent company of Google and all of its previous projects.
The Google brand will be “slimmed down” and focus on web products like Search and Gmail, with SVP of Android/Chrome/Google Apps Sundar Pichai serving as CEO. Other endeavours like health research, will belong to other companies that will be broken out of Google.