In a significant restructuring at Google, Pichai has been named the new CEO of the technology giant after the company co-founder Larry Page announced the formation of a new umbrella firm Alphabet, of which Google will be a part. Page himself will be Alphabet CEO.
Meanwhile, Microsoft CEO Satya Nadella, was the first to congratulate Pichai. Nadella tweeted on Pichai’s elevation at the company, writing in the micro-blogging site “Congrats @sundarpichai well deserved.”
There are many other Indians heading the businesses at relatively smaller companies abroad, especially in IT sector, but at least 12 large companies have got India-born chief executives.
These include Microsoft (Satya Nadella), PepsiCo (Indra Nooyi), ArcelorMittal (Lakshmi Mittal), Diageo (Ivan Menezes), Reckitt Benckiser (Rakesh Kapoor), MasterCard (Ajay Banga), DBS Group Holdings (Piyush Gupta), SanDisk (Sanjay Mehrotra), Global Foundries (Sanjay Jha), Cognizant (Francisco Dsouza), and Adobe (Shantanu Narayen).
International magazine Time once termed CEOs as India’s leading “export” and said that the subcontinent could be “the ideal training ground for global bosses”.
While Google reported a revenue of $66 billion (roughly Rs. 4,24,288 crores) in 2014, Microsoft had recorded turnover of over $86 billion (roughly Rs. 5,52,887 crores) last year, PepsiCo’s annual revenue stood at nearly $67 billion (roughly Rs. 4,30,775 crores) in 2014, ArcelorMittal’s annual revenue stood at $79.26 billion (roughly Rs. 5,09,600 crores), Diageo had $21 billion (roughly Rs. 1,34,999 crores), Reckitt Benckiser $13.75 billion (roughly Rs. 88,385 crores) and SanDisk $6.62 billion (roughly Rs. 42,546 crores).
In the past, giants like Citigroup, Vodafone, Motorola, and Deutsche Bank have also had Indian-origin CEOs.
Moreover, former Google Executive Nikesh Arora, who is currently President of Japanese telecom major SoftBank, is likely to be its next CEO as SoftBank’s founder and chief executive Masayoshi Son has chosen Arora to be his successor.
According to human resource experts, the significant rise of India-born executives at global companies can largely be attributed to the technical skills and the behavioural patterns which make them very much adaptable to any kind of situation they come across.
Experts believe that Indians’ focus on good education and ability to work in difficult situations are aiding to this rising trend and more and more Indians could rise to top positions at global companies in near future.
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