Google is undergoing a major restructuring today, with a brand-new company called Alphabet coming to the fore.
Google itself will become part of Alphabet, which Larry Page described as "mostly a collection of companies" in a blog post. Other businesses will fall under the Alphabet umbrella, including its Life Sciences branch that develops glucose-monitoring contact lenses and Calico, the longevity initiative. Each business within Alphabet will have its own CEO. In essence, Google is now a subsidiary of Alphabet.
The new structure leaves a more slimmed down Google, untethered from companies outside core internet products.
Sundar Pichai will become CEO of Google, while Sergey Brin will become president of Alphabet and Page CEO of the new firm.
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from www.techradar.com/
