India-born Sundar Pichai named new CEO at re-organised Google

August 11, 2015 09:27

India-born Sundar Pichai will be the new CEO of Google under a major restructuring at the technology giant, as co-founder Larry Page lauded the IIT alumnus' "progress and dedication" and said it is "time" for him to take over the company's reins.

In a surprise and significant re-organisation, Page announced the formation of a new parent company Alphabet Inc which will replace Google 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 will have Page as CEO and co-founder Sergey Brin as President.

Pichai, 43, who was previously in-charge of product and engineering for Googles Internet businesses, will be the CEO of the "slightly slimmed down" Google.

He received a B Tech from the Indian Institute of Technology, Kharagpur and holds an MS in Engineering and Materials Science from Stanford University and an MBA from the Wharton School.

He had joined Google in 2004 as its vice president of product management, where he led the team working on Google's Chrome browser and operating system.

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