In a significant restructuring at Google, India-born Sundar Pichai, 43, has been named a new CEO at Google. In a surprise announcement, Larry Page gave details of the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Pichai who was previously in-charge of product and engineering for GoogleÂ’'s Internet businesses, will be the CEO of the "slightly slimmed down" Google.
Source: NDTV
Source: Slashgear