Larry Page announces Alphabet and massive Google restructuring with Sundar Pichai as CEO

Sundar Pichai is the new CEO of Google as the company undergoes a huge restructuring. Co-founders Larry Page and Sergey Brin are moving to a new company called Alphabet — which has a superb URL — which will serve as an umbrella company for Google and its various projects.

Google itself is being, in Page’s words, “slimmed down” and the change is quite an extraordinary one. Page quotes the original founders’ letter that was written 11 years go. It states that “Google is not a conventional company”, and today’s announcement makes that perfectly clear. There’s a lot to take in…

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Story added 11. August 2015, content source with full text you can find at link above.