Google is restructured and created a company called Alphabet – FORTUNE

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‘+’ Larry Page announced changes within technological as well as the appointment of a new CEO; Sundar Pichai be in front of Google, while Page will take over the new Alphabet. ‘+’

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MEXICO CITY (CNNExpansión) – Google co-founder Larry Page said Monday the most important technological restructuring in the appointment as CEO Sundar Pichai is included.

Page, the other co-founder of Google, Sergey Brin, will be free to operate a new, larger company called Alphabet, said the official blog of Google.

“Our company operates right now, but we believe we can make it more organized and better accounting. So we are creating a new company under the name Alphabet. I am excited to lead Alphabet as CEO and take the help of my colleague Sergey capable as president, “Page said in the statement.

Alphabet will be the new company in charge of developing new lines of experimentation in Google; as an extension of Google X or Calico, where it conducts research focused on health technology.

“Alphabet is a collection of companies. The largest, Google, but this is a slimmer Google, where companies that are away from the main business are in Alphabet. (…) This change will allow us to operate as independent companies

“Alphabet Inc. will replace Google Inc. in the Exchange and Google shares will automatically be converted to the same number of shares for Alphabet, with equal rights. Google will be known as a subsidiary of the new company. Both actions will continue exchanging on Nasdaq under the GOOGL and key GOOG “, he added.

Pichai joined Google in 2004 and in October became the senior vice president of the company.

” Sergey and I have been very excited by their progress and dedication to the company and it is clear to us that it is time for Sundar is the CEO of Google, “Page. said

” He spent time with Sundar, helping him and the company so that I can and I always will. Google alone is doing all sorts of new products and know Sundar will always focus on innovation. “

Pichai is originally from India where he obtained a Bachelor of Technology from the Indian Institute of Technology in Kharagpur, holds a Masters in Engineering and Materials Science from Stanford University and another in Business Administration from Wharton in Penns according to their Profile published by Bloomberg.

In Google she took the leadership of the Android software division and the position of senior vice president of Chrome and Apps.