As part of a major overhaul of its operating structure, Google said on Monday it was creating a new holding company called Alphabet.
As part of a major overhaul of its operating structure, Google said on Monday it was creating a new holding company called Alphabet. Google co-founder Larry Page will step down as Google's chief and Pichai was appointed as head of a "slimmed-down" version of the company.
The move, in which Wojcicki will replace Salar Kamangar, represents the latest change to Google's top properties by Chief Executive Larry Page and comes as Google is striving to turn the popular video portal into a bigger money-maker.
YouTube, the video website owned by Google Inc , plans to offer paid subscriptions to some of the content on its site later this year, according to a media report.