Sole CEO means simpler business for Alphabet: analysts

- Alphabet’s change of leadership should simplify the company’s unorthodox management structure under new boss Sundar Pichai without creating unwanted turbulence in strategy at one of Silicon Valley’s biggest names, Wall Street analysts said on Wednesday.

The shakeup announced on Tuesday makes the India-born, 47-year-old the sole public face of the company that Page and Sergey Brin started in a garage over two decades ago. Page and Brin, both 46, will remain directors of the parent company and still control it through their ownership of preferred shares. As of April, Page held 26.1% of Alphabet’s total voting power, Brin 25.25% and Pichai less than 1%.

Reminds me of another time in our history...

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things in tech you need to know today - Business InsiderAlphabet CEO Larry Page and President Sergey Brin are stepping down.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sundar Pichai: Challenges facing new Alphabet, Google CEO - Business InsiderSundar Pichai is taking over Google parent company Alphabet at a pivotal moment. Here are the key challenges he faces.
Source: BusinessInsider - 🏆 729. / 51 Read more »