REUTERS: Alphabet's change of leadership should simplify the company's unorthodox management structure under new boss Sunder Pichai without creating unwanted turbulence in strategy at one of Silicon Valley's biggest names, Wall Street analysts said on Wednesday.
Evercore ISI analyst Kevin Rippey said the change should consolidate power in a company which" had been characterized by a degree of fragmentation in organizational structure, if not strategic vision." King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco, said he expected decisions would be made faster with a single CEO.
Pichai, who has spent 15 years at Google, rose to prominence while leading the development of Google's Chrome browser.
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