The Mountain View Internet giant has announced a major restructuring of the group by creating
Alphabet, a holding company that Google will host and peripheral activities of the group.
The US Internet giant Google announced Monday, August 10 a major overhaul of its structure, which will see him lighten remote activities of its core business and become a 100% subsidiary of a new company called "Alphabet".
"Our business works well today, but we think we can make it clearer and more accountable. So we create a new company called Alphabet," said Larry Page, co-founder and currently CEO of Google, in a posted message on the band's website.
Alphabet replace Google on Wall Street, and will be led by co-founders Larry Page and Sergey internet group Brin, with the respective functions of "Director General" and "president", while Eric Schmidt will be Executive Chairman of the Board Directors.
Alphabet: the new holding Google
Alphabet will serve as holding the "new Google", including Larry Page will leave the general direction Sundar Pichai. Aged 43, the latter is currently vice president in charge of the group's products.
This new Google lightened retain the research, advertising, mapping, applications, online video subsidiary YouTube and Android mobile operating system.
All peripheral activities, the group had developed a lot in recent years but the cost aroused fears among some investors, depend directly for their part of the new holding company.
This includes in particular Calico companies (health), Nest (connected alarms), Fiber (deployment of a high-speed fiber optic network in test cities in the USA), Google and Google Ventures Capital investment vehicles, and the X-Lab serves as incubators to a series of new projects (drones, drive car, Loon Project internet relay balloons, Google Glass ...).
The date of the change is not specified, the group simply stating in a document Google stock shares will be automatically converted into shares Alphabet by the end of the year.
In electronic trading after the close of Wall Street, the way Google gained more than 5% to 8:40 p.m. GMT.
(With AFP)
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