In a significant restructuring at Google, India-born Sundar Pichai has been named the new CEO of the technology giant as the company co-founder Larry Page announced the formation of a new umbrella firm Alphabet, of which Google will be a part. Page, in a blog post, announced the formation of the new parent company Alphabet, of which he will be the CEO and Google co-founder Sergey Brin will be its President. Chennai-born Pichai, has been named CEO of the new Google, which Page said will be a bit slimmed down. Page said that Pichai will be a key part of the new structure that will allow them to keep tremendous focus on the extraordinary opportunities they have inside Google.