Changes in Google: the corporation gets a new CEO and is part of the holding Alphabet

The management of Google Inc. has decided to reorganize the company's management structure, as reported in the official blog . In order to implement a large-scale plan for the reorganization of Google, Alphabet holding was created, which will include not only the "Corporation of Good", but also Google X, Calico, Google Ventures and WIng.

Google co-founder Larry Page becomes CEO of the holding, Sergey Brin receives the presidency, Slon.ru reports. The founders of the corporation plan to closely engage in experimental projects.

Google will now be led by Sundar Pichai, who previously held the position of product director. As part of the corporation are search, advertising unit, a map service, a directory of applications Google Play Store, YouTube and Android.

Alphabet holding will unite independent companies, it will not be used as Alphabet brand.
')
As for securities, documents have already been submitted to the US Securities and Exchange Commission that include Google shares in the holding’s shares. According to the plan, all shares of the company will be converted in equal proportion.

We also note that investors positively perceived the news about the upcoming restructuring, thanks to which the value of Google shares rose immediately by 4%.