A well-loved Google executive is heading back to the bench

Kordestani came to Google from Netscape, where he had helped increase its revenue from $88 million to more than $200 million in 18 months. His leadership had a similar effect at Google.

In a press release sent out Monday afternoon, Google cofounder and CEO Larry Page renamed and reorganized the company. Google is now part of a subsidiary of a bigger company called Alphabet.

Alphabet will be a parent company that oversees the new initiatives Google has been launching as of late.

Larry Page is CEO of Alphabet. Sergey Brin, Google's other cofounder, is the president of Alphabet.

Sundar Pichai is now CEO of Google. Pichai has been running Google since October of last year.

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