Google’s CEO, Sundar Pichai, appointed as the CEO of the parent company, Alphabet Inc.

Sundar Pichai has served as the Chief Executive of Google for four years. In a recent announcement, Google’s parent company, Alphabet Inc., appointed Pichai as the CEO, as the American multinational conglomerate is under investigation by the regulatory bodies around the world.

So far, Alphabet has been publicly represented by the co-founders Larry Page and Sergey Brin. As of Tuesday, however, Alphabet’s CEO Larry Page and President Sergey Brin stated that the duo has decided to step down, leaving the charge of operations to Pichai.

Lawmakers have previously held Page responsible to justify his strategic decisions including not appearing in a Senate hearing in 2018. Following Executive Chairman Eric Schmidt’s departure from Alphabet two years ago, the company has struggled to find a suitable replacement. Schmidt is widely known for boosting and sustaining the company relations in Washington.

Investment Strategist, King Lip, Expresses Confidence In Pichai’s Professional Acumen

In an email, Baker Avenue Asset Management’s chief investment strategist, King Lip, commented that Alphabet is currently in a phase of transformation and is faced with multiple regulatory issues and political attacks. Lip expressed his confidence in Pichai’s ability to address such concerns, calling his attitude “affable”. Lip is also a prominent shareholder of Alphabet Inc.

Google has been politically attacked by President Trump in the past. The world-renowned search engine was accused of irrationally favoring Trump’s rivals without evidence. While the President had tweeted, “Meeting ended very well!” as Google’s CEO met him twice this year in March and July, his tone was surprisingly different in August as he accused Google of meddling in 2016’s elections and favoring his opponent Hillary Clinton. President Trump, however, didn’t file any formal charges against the company and no evidence has been provided to date.

Pichai has worked with senior White House advisor, Ivanka Trump, earlier this year in October, on a new program by Google circling job training. A representative of the White House has refused to comment on Pichai’s appointment as Alphabet’s CEO so far.

U.S Justice Department Has Issued An Antitrust Probe Against Google

The U.S Justice Department has issued an antitrust probe against Google, in support of nearly all of the 50 U.S state attorneys general. Following multiple fines amounting to around €8 billion in two years from the European Union, the antitrust regulators in the region have also recently initiated scrutiny of Google’s data collection practices.

Google announced a limitation on political advertising last week ahead of the 2020 presidential elections. Calling it an attempt to minimize information for the voter and reduce engagement that prevents the citizens from participating in democracy, the move was not well-received by the Trump Administration as well as by many of the Republican campaign committees.