Larry Page to head Google Umbrella Company

 

The search engine company Google has restructured its self under the name ALPHABET, headed by Larry Page. Alphabet is simply a collection of companies, making Google the biggest. Google will still be its search engine’s name, mapping service and related products.
“This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead.” Google co-founder, Page, said in a blog post this afternoon.
In other words, Google will continue to run internet-eccentric services such as Google Maps, YouTube, Chrome, and Android. But “moonshot” projects such as the X Lab and the Calico life extension project will operate as somewhat separate entities. “Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related. Alphabet is about businesses prospering through strong leaders and independence,” Page wrote.
“In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great CEO for each business, and we’ll determine their compensation,” Page said.
Page will serve as CEO of Alphabet, while Google co-founder Sergey Brin will serve as president. Longtime Page lieutenant Sundar Pichai will take over as Google CEO