Since assuming the role of CEO in 2015, and subsequently of Alphabet in 2019, Pichai has been lauded for his stewardship during more stable times.

In a major move to gain momentum in the growing cloud computing business, Google has named VMware co-founder and tech industry veteran Diane Greene as chief of that business, reports USA Today.

Google announced on Friday that it expects to transition its stock from "Google Inc" to "Alphabet" at the end of the business day.