AFP

SAN FRANCISCO

Google unveiled a surprise corporate reorganisation, forming a new parent company dubbed Alphabet that will include the Internet search unit as one of several entities.

Google chief executive Larry Page announced the change, saying he would hold the same title at Alphabet, the new holding company for the tech giant’s newer ventures such as the research arm X Lab, investment unit Google Ventures and health and science operations. At the search unit Google, the CEO will be current vice president Sundar Pichai.

“Our company is operating well today, but we think we can make it cleaner and more accountable,” said a statement from Page, a co-founder of the tech giant with Sergey Brin 11 years ago. “So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as president.”

Page said Alphabet is “mostly a collection of companies,” the largest of which is Google. Under the new structure, “this newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead.” Alphabet will include units focusing on life sciences such as a glucose-sensing contact lens and the health research firm Calico, Page said.

Google X, which handles research on self-driving cars and Internet balloons, will also be a separate unit.