A jump of revenue from $74.5 billion to $136 billion is not your daily soap, in fact, not many people have the capability of chartering such a course in just a manner of 4 years.
There are a few people in this world as smart and smart working as Pichai Sundararajan. Born in 1972, this gentleman got his first degree from India and then did his Master’s from Stanford and Wharton, Pennsylvania. He joined Google in the year 2004.
He started off in product management and innovation for many software products like Google Chrome, Chrome OS, and contributed a major part of Google Drive. Along with this, he was also instrumental in the making and launching of Google Maps.
So it surprised no-one when he was announced as the CEO of Google, on August 10, 2015, a promotion from the Product Chief post he held earlier. He was given this promotion by one of the founders themselves, Larry Page.
Alphabet is a collection of companies, of which the largest is Google. It also focuses on other domains of life like Calico and life sciences. All shares of Google Inc. were converted to Alphabet shares, and Google became a wholly-owned company or subdivision of Alphabet when the company was formed on 2nd October 2015.
His stint as Google CEO went quite smoothly with everyone loving him and following his ideas and thoughts. He is also paid very well for his work, as he is worth about 600 million dollars even before he takes up his latest promotion.
As is natural, anybody working well and helping the company progress is well assured to be promoted, and so was Sundar. If being the CEO of one of the largest companies wasn’t enough, becoming the CEO of the parent company sure is a promotion.
A few days back, the founders and creators of Google and Alphabet announced that they were going out of the limelight, with Sergey Brin stepping down as President of Alphabet and Larry Page stepping down as CEO of Alphabet. They believed that the company doesn’t require 2 CEOs and a President, and that one single CEO, Sundar Pichai, would work quite well.
This is what Brin and Page had to say about Pichai:
Sundar brings humility and a deep passion for technology to our users, partners and our employees every day. He’s worked closely with us for 15 years, through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors. He shares our confidence in the value of the Alphabet structure, and the ability it provides us to tackle big challenges through technology. There is no one that we have relied on more since Alphabet was founded, and no better person to lead Google and Alphabet into the future.
In a statement by Pichai after being promoted he said: “I’m excited about Alphabet and its long term focus on tackling big challenges through technology,”.
Thanking the founders, he also added, “I’m looking forward to continuing to work with Larry and Sergey in our new roles. Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration. It’s a strong foundation on which we will continue to build.”
Although this is not a complete departure from Page and Brin’s side, they will continue to remain Board members, shareholders, and co-founders of the company. They will actively try to contribute to the company.
The after-effects of this promotion were seen in the trade market as a steady increase of about 1 percent was noted in the Alphabet shares.
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