Google is replacing Prabhakar Raghavan, the company's search and ads boss, with longtime Google executive Nick Fox. Raghavan will continue to report to Pichai in the new role, the company told CNBC in a statement. The company is also dealing with several antitrust lawsuits related to its search and ads business. He will be leading Google's Knowledge and Information division, which includes the company's search, ads and commerce products, Pichai said. He previously worked within the company's ads business unit.

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Persons: Prabhakar Raghavan, Nick Fox, Sundar Pichai, Raghavan, Prabhakar, Pichai, Fox, Nick, Demis Organizations: Google, CNBC, Fox