Sundar Pichai will run Google and its parents, from A to Z
Sundar Pichai - who grew up in a two-room apartment in the middle class neighborhood of Chennai, Ashok Nagar, in the 1970s and 1980s - assumes the position of CEO of one of the richest cash companies in the world, Alphabet, the parent company Google giant search engine.
In a movement that marks the end of an era, Larry Page and Sergey Brin, co-founder of Google in 1998, are resigning their executive duties at Alphabet. Page and Brin, both Stanford graduates, have been two of the most influential figures in the technology industry, considered on par with Microsoft founder Bill Gates and Apple founder Steve Jobs.
Pichai, 47, has been the face of the tech giant as CEO of the main company since 2015. He takes care of Alphabet at a challenging time, as he faces greater regulatory scrutiny of large digital companies and internal unrest of employees, while struggling to stay. at the forefront of technological change. Pichai's elevation was announced after market hours on Tuesday in the United States, with Page resigning his role as CEO of Alphabet and Brin resigning as president.
Google is in a $ 128 billion cash stack, only surpassed by Microsoft's $ 137 billion, according to Factset. But Brin and Page, which are worth more than $ 50 billion, have stayed away from most public and management appearances today, including all-hand internal meetings, over the past few years.
“Today, in 2019, if the company were a person, it would be a young adult of 21 years and it would be time to leave the chicken coop. While it has been a great privilege to be deeply involved in the daily management of the company for so long, we believe it is time to take on the role of proud parents, offering advice and love, but not daily scolding! Page and Brin in a letter to Alphabet employees on Tuesday. The movement aims to simplify our management structure, they wrote, and added that Sundar brings humility and a deep passion for technology to our users, partners and employees every day ... There is no one we can trust more since we founded Alphabet, and there is no better person to lead Google and Alphabet in the future.
Pichai tweeted that he was excited about his new role. He also wrote to the employees: In my more than 15 years with Google, the only constant I have seen is the change ... I met Larry and Sergey in 2004 and I have been benefiting from their guidance and knowledge since then. The good news is that I will continue to work with them, although in different roles for them and for me.
Pichai, a former student of IIT-Kharagpur, who also has a Stanford MS and a Wharton MBA, joined Google in 2004 and worked on the development of the Chrome, Gmail and Google Maps browser. In 2013, he began monitoring Android, the operating system for smartphones. In 2014, Pichai was also considered a candidate for the position of CEO at Microsoft, who went to another Indian-born executive, Satya Nadella. He was appointed Google CEO in August 2015, when the company announced its restructuring, and joined the Alphabet board in 2017.
Since Pichai became CEO of Google, the company's stock price has doubled, which has given it a market capitalization of $ 894 billion at the close of trade on Tuesday. In addition to leading revenue growth and product development, Pichai has also faced a regulatory reaction against technology on issues such as privacy and political bias in the US. UU., Including testimony before the US Congress. UU. In December 2018.
Pichai has been able to take Google, which was already a big business with revenues of $ 18.5 billion during the quarter of September 2015 when it took over, and make it huge, with more than $ 40.3 billion in the quarter of September 2019, a span of five years.
As CEO of Alphabet, Pichai will now be in charge of multiple businesses of this type that can potentially be worth hundreds of billions of dollars, according to Rajan Anandan, who was Google's CEO for India and Southeast Asia for about a decade to early of this year. Sundar has a unique combination of several things that make him an extraordinary leader: vision, teamwork, execution, humility and also the ability to establish a deep connection with people, Anandan said, adding that Sundar's ability to maintain Calm, being thoughtful and not being exhausted makes him the perfect leader, since Alphabet faces regulatory and political difficulties.
Even when Page and Brin leave the management functions at Alphabet, they will continue to have voting interests of more than 50% in the company, which will give them a voice in important decisions.