India-born Sundar Pichai appointed the new CEO of Google
PrintListen to this Article
India-born Sundar Pichai has been named CEO of Google as part of a surprise corporate overhaul that saw the search giant forming a new parent company called Alphabet Inc.
Pichai, 43, the current company vice-president, has worked on some of the company's best-known products, from the Chrome browser to the Android mobile software.
Google chief executive Larry Page announced the change on Monday, saying he will hold the same title at Alphabet. Co-founder Sergey Brin will be the president at Alphabet, the new holding company for the tech giant's newer ventures such as research arm X Lab, investment unit Google Ventures and health and science operations.
Google will be the new entity’s largest fully owned subsidiary, a thinly trimmed version of what it is now. It will include some of its household products, including its search engine, ads, maps, apps, YouTube and the Android system.
The new structure, which will take shape over the next few months, was outlined by Page in a blog post and in a filing to the Security and Exchange Commission.
Page praised Pichai in the blog post, saying, “Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously enjoying our work together.”
He added: “I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations.”
Page said he was impressed with Pichai’s "progress and dedication to the company" and promised to continue to groom him. "I have been spending quite a bit of time with Sundar, helping him and the company in any way I can, and I will of course continue to do that."
Alphabet will be “mostly a collection of companies”, Page said, adding : “Our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed.”
Google, he said, will be the largest unit but a “bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead”.
The “far afield” entities, Page explained, will be Life Sciences, which works on a glucose-sensing contact lens, and Calico, focussed on longevity.
Pichai – who joined Google in 2004, the year the company launched Gmail – was in charge of product and engineering for the company’s internet businesses.
He was born and grew up in Chennai, studied engineering at IIT-Kharagpur, then came to Stanford in the US, and went on to complete an MBA from Wharton School of Business.
Pichai’s rise within Google tracks closely those of other Indian Americans in the IT industry. Hyderabad-born Satya Nadella became CEO of Microsoft in 2014. Shantanu Narayen, also from Hyderabad, heads Adobe, and Nikesh Arora, a former Googler, was named president and COO of Japan’s SoftBank in 2014.
Category : International Business | Comments : 0 | Hits : 536
Chartered accountants from the UK and Canada might be allowed to practice in India on a reciprocal basis, with the apex body ICAI making the proposal to the Government. ICAI President Ranjeet Kumar Agarwal, on February 21, said the proposal will be implemented strictly on the reciprocal basis that chartered accountants (CAs) from India will also be allowed to practice in the United Kingdom and Canada. It will be the first time that overseas CAs will be allowed to practice in India. The pro...
The tax department is considering a proposal under which credit card holders will have to file a declaration with the issuer entity within a stipulated time, specifying the nature of expenses incurred in foreign currency for the purpose of TCS levy, sources said. The I-T department is in talks with the RBI and other stakeholders to firm up a mechanism for distinguishing whether the expense is towards medical/education which attract a 5 per cent TCS or for other purposes on which a 20 per cent...
Concerns have been raised about the applicability of Tax Collection at Source (TCS) to small transactions under the Liberalized Remittance Scheme (LRS) from July 1, 2023. To avoid any procedural ambiguity, it has been decided that any payments by an individual using their international Debit or Credit cards upto Rs 7 lakh per financial year will be excluded from the LRS limits and hence, will not attract any TCS. Existing beneficial TCS treatment for education and health payments will also co...
The ministry on May 16 notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023, to include international credit card payments in the LRS. Any remittance beyond USD 2.5 lakh or its equivalent in foreign currency would require approval from the RBI. Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not included in the LRS limit. According to the notification, the Finance ...
Canada’s immigration minister Sean Fraser has announced Express Entry invitations to FSWP and CEC candidates will resume by “early July 2022” The vast majority of new Express Entry applications will be processed within the six-month service standard. According to IRCC, current Express Entry processing times range from seven months to in excess of 20 months. Summary of Canada's Immigration Levels Plan Each year, the federal department of Immigration, Refugees ...
Comments