The Young Chronicle: For 4th Graders August 23rd, 2015 | Page 2

The Alphabet Google has always been an innovative company and it remains so, with the latest announcement that the founders Larry Page and Sergey Brin would be escalating to a larger role, that of being the chair people of Alphabet, an umbrella company that Google is only a part of. Alphabet’s portfolio will spread across several industries, including technology, the life sciences, investment capital, and research. Google will also be a part of Alphabet, along with other companies that were under Google before, like Calico, Google Ventures,Google Capital, Google X, and Nest Labs. Following the restructuring Sergey Brin will be President, and Page will become CEO of Alphabet. Sundar Pichai, an Indian, will take his position as CEO of Google. The establishment of Alphabet as an umbrella company, was motivated by its executives, who felt that Google had to become "cleaner and more accountable" while allowing greater control of companies whose core business was unrelated to the core business Google had started with. This control will now be possible under Alphabet. Alphabet will not be responsible for producing tangible goods. It will instead own shares of its own companies. Google will now trade under the name Alphabet. Who is Sundar Pichai? The India born Sundar Pichai has been appointed as the CEO of the ‘slimmed-down’ Google Company. As a part of restructuring, Pichai has replaced the Google CEO Larry page who is now the Chief Executive Officer of the new parent company called Alphabet Inc. Sergey Brin is appointed as the President of Alphabet Inc. Pichai, born in Tamilnadu completed his Metallurgical Engineering from IIT, Kharagpur, after which he did his Masters from Stanford and went on to do his MBA at the prestigious Wharton School of Business. Pichai, has previously served as the senior Vice-President of product at Google. He was the driving force behind Google Chrome, Gmail, Google Maps, Drive, Android, amongst other things. He will now lead the slimmed down version of Google which holds the search business, YouTube, Android and the Chrome operating systems.