Google unveiled a surprise corporate reorganisation on Monday, forming a new parent company dubbed Alphabet that will include the Internet search unit as one of several entities.
Google unveiled a surprise corporate reorganisation on Monday, forming a new parent company dubbed Alphabet that will include the Internet search unit as one of several entities. Google chief executive Larry Page announced the change, saying he would hold the same title at Alphabet, the new holding company for the tech giant’s newer ventures such as the research arm X-Lab, investment unit Google Ventures and health and science operations.
“Our company is operating well today, but we think we can make it cleaner and more accountable,” Mr Page said in his blog, one of the co-founder of the tech giant. “So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as the CEO with help from my capable partner, Sergey, as president.” He said Alphabet is “mostly a collection of companies,” the largest of which is Google.
Under the new structure, “this newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products will be contained in Alphabet instead.” Google X, which handles research on self-driving cars and Internet balloons, will also be a separate unit.
Other units to be separated include the drone delivery project Wing, Google Fiber’s high-speed Internet, the home automation unit Nest and investment arms the tech giant. Google unit will include search and search ads, maps, apps, YouTube, Android and others.
