Google on Monday announced a restructuring that will make it a wholly owned subsidiary of a new umbrella company called “Alphabet.” Product Chief Sundar Pichai will take over as CEO of Google, while Google cofounders Larry Page and Sergei Brin will be CEO and president, respectively, of Alphabet. Here is what I said in an interview with E-Commerce Time.

“Google became every bit of what it promised to be when it was incorporated in 1998. That is, it became a well-oiled machine of global significance that continues to grow and produce cash. The reorganization will let Page and Brin focus on the next big thing under the Alphabet umbrella, while the day-to-day business of Google remains in strong hands.”

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