India-born Sundar Pichai was named CEO of Google, which will be the new entity’s largest fully owned subsidiary, a thinly trimmed version of what it is now.
The new structure, which will take shape over the next few months, was announced by Page in a blogpost and in a filing to the Security and Exchange Commission.
“Alphabet is mostly a collection of companies,” Page said in the post, adding: “Our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed.”
Google, he added, will be the largest but a “bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead”.
The “far afield” entities, he explained, would be Life Sciences, which works on on the glucose-sensing contact lens, and Calico, which is focussed on longevity.