Google CEO Sundar Pichai is joining Alphabet’s board

Google CEO Sundar Pichai is joining the board of Alphabet as its 13th member.

The addition, announced today by Alphabet, gives a second vote on the board to Google, which is responsible for roughly 90 percent of Alphabet’s overall revenue. And it reflects Alphabet’s confidence in Pichai, who has led Google as CEO for two years.

One other Google executive holds a seat on the board: Diane Greene, head of Google’s cloud division. Greene joined the board before joining Google.

Alphabet last added a board member a year ago, when economist Roger W. Ferguson, Jr. gained a seat.

It’s not clear what joining Alphabet’s board means for Pichai’s salary. The executive, who has worked at Google since 2004, earned a compensation package totalling $200 million in 2016.

Pichai took over as CEO of Google in 2015 when the company reorganized as Alphabet, breaking out a number of its subsidiaries as separate companies within the new corporation. He has lead Google’s latest push as an “AI first” company.

“Sundar has been doing a great job as Google’s CEO, driving strong growth, partnerships, and tremendous product innovation,” Alphabet CEO Larry Page said in a statement. “I really enjoy working with him and I’m excited that he is joining the Alphabet board.”

Alphabet reports earnings this afternoon after markets close.

Source: https://www.recode.net/2017/7/24/16020554/google-ceo-sundar-pichai-joining-alphabet-board

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