Google Now Under Umbrella Company Called Alphabet

Google gets a new CEO due to restructuring of its businesses.

— -- Google will now be under a parent company called Alphabet in a restructuring of the tech giant's business operations.

The Google moniker and web experience will remain the same, but some ventures that were under the Google umbrella will be placed under Alphabet instead with a CEO running each business unit.

Sundar Pichai, who has effectively been leading Google's day-to-day operations, will step into the CEO role.