In the series of key management changes for Google Inc (NASDAQ:GOOGL), Sundar Pichai is the new head of the company’s Internet products. The tech giant has had several management changes in this fiscal and the new head is said to be among Larry Page’s, CEO of Google Inc, favorite executives.
Mr. Pichai is going to head several products of the company including maps, Google+, search, advertising and online infrastructure of the company, as reported by a Google spokesman. One of the primary reasons among this management change is to reduce direct reporting burden of the CEO, who used to receive direct reports from six different executives heading these products. These executives including research, social media, and search department heads would report to Mr. Pichai.
YouTube is likely to continue reporting to Larry Page directly. This management change would put Mr. Pichai at a position where he would be responsible for the most lucrative search and advertising business run by the Internet Company. He joined the company in 2004 and is considered as the potential CEO material by several insiders.
Earlier this year, Chief Business Officer, Nikesh Arora, of Google Inc (NASDAQ:GOOGL) left the company to join as the Vice Chairman of Softbank Corp (TYO:9984). Further, Vic Gundotra, social networking head of Google, left the company in April.
Google Inc (NASDAQ:GOOGL) is said to invest up to $522 million in a virtual reality company, Magic Leap, and its primary share along with the investments from other companies adds up to $542 million. Other primary investors include QUALCOMM, Inc. (NASDAQ:QCOM), KKR & Co. L.P. (NYSE:KKR), Legendary Entertainment, and Vulcan Capital. As mentioned by the Massachusetts Institute of Technology (MIT), the virtual reality company is said to have mastered virtual reality and is much ahead of the existing technologies. It could fool human vision far better than the existing Oculus Rift technology.
This article has been written by Prakash Pandey.