The surprise shakeup, which elevates Google CEO Sundar Pichai as Alphabet’s CEO, raises inevitable questions about Alphabet’s future. The holding company was spawned four years ago in an effort to create more focused businesses units.
The main search business, Google, operated within its own bucket. Meanwhile, other companies, such as self-driving car company Waymo, investment arm GV, and urban planning company Sidewalk Labs, were placed in separate units under Alphabet.
Patrick Moorhead, principal analyst at Moor Insights & Strategy, said that the departure of the co-founders may signal that change is coming to Alphabet’s structure.
“What I’m wondering is with Pichai taking the helm, does this call into question the holding company arrangement?” he said. “I think it could.”
Page and Brin, who was an Alphabet president, have both been largely absent from the day-to-day operations over the past year, according to various reports. Page, who was once called “the most ambitious CEO in the universe,” has been rarely seen in public in recent years while suffering …read more
Source:: Fortune.com – Tech