In 2004, Sundar Pichai was trying to convince one of his colleagues at McKinsey not leave the firm to join Google. The conversation ended when Pichai realized it made sense for him to join Google as well.
Eleven years later, the bet Pichai, born in India has paid off, and how. On Monday, he was named CEO of Google by the company's founders, Larry Page and Sergey Brin after parent company created an alphabet called to care for a growing portfolio.
Pichai, 43, a native of Chennai who went to IIT Kharagpur and later at Stanford and Wharton, will helm a Google thinned Larry Page said he will be stripped of companies "that are quite far away from our main Internet products."
Page will be the CEO of the alphabet.
Alphabet, along with Google, as Calico units (focusing on longevity), X Laboratory (incubating new efforts as Ala, delivery effort drone of Google) and units dealing with life sciences include (as which works on smart contact lens that detects the level of blood sugar). Google's investment arm, companies and capital, will also be part of the alphabet.
Pichai a straight mean elevation of two of the world's five largest companies by market capitalization would be headed by executives Indi one --Pichai Google origin is 4, and Microsoft, which ranked 5th, led by Satya Nadella.
But it will not be so simple. Alphabet Page said Google Inc Inc replace the official rate as the entire entity and Google shares will be automatically converted into an equal number of shares of the alphabet, all of it rights.Google will become a subsidiary of whollyowned alphabet, which will lead Page. Sundar Pichai lift is a milestone for the CEOs of Indian origin, of which there are at least half a dozen Fortune 500 companies, including Indra Nooyi at Pepsi (43), Ajit Mastercard Banga (326) and Sanjay Mehrotra in SanDisk (422). There is a good chance that third-placed Berkshire Hathaway could also be headed by a PIO with Ajit Jain strongly inclined to succeed Warren Buffett. Apple and Exxon Mobil are No. 1 and No. 2 companies ranked the world respectively.
"We have always believed that over time companies tend to feel comfortable doing the same, only make incremental changes. But in the technology industry where revolutionary ideas drive the next big growth areas have to be messy to stay relevant, "Page said in a blog that explains the reason for the restructuring, adding that the '' new structure will allow us to maintain tremendous emphasis on the extraordinary opportunities that we have within Google. '' However, Google remains the largest piece alphabet. In explaining the rise Pichai, Page said he (Pichai) has actually increased since last October, when he took on the product and engineering responsibility for Internet companies Google.
"Sergey (Brin) and I have been very excited about their progress and dedication to the company. And it is clear to us and our board is time for Sundar to be CEO of Google. I feel very fortunate to have someone as talented as he is running the little thinned Google and this frees up time for me to continue to scale our the ASPIRA, '' he wrote. He said it was '' spend some time with Sundar, he and the company help in everything I can, and of course I will continue to do that. ''
Source : TOI
0 comments:
Post a Comment