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Google's chief financial officer to step down | |
(3 months later) | |
Google’s chief financial officer, Patrick Pichette, has announced his intention to retire, the company said on Tuesday. | |
His decision marks the latest in a number of recent changes to the internet company’s upper ranks. | |
Google expects to find a replacement for Pichette within six months, the company said in a regulatory filing with the US Securities and Exchange Commission. | |
A former telecom industry executive, Pichette joined Google in 2008. The date of his departure has not yet been determined but Google said he intended to assist in the search for a replacement. | |
Google has a market valuation of about $380bn (£252bn) and analysts expect the company to generate $76bn in revenue this year. | |
Shares of Google, which finished Tuesday’s regular trading session down 2.4% at $555.01, were down 15 cents in after-hours trading. | |
The technology firm has recently gone through a string of changes to the senior management. | |
Last year, its chief business officer, Nikesh Arora, departed unexpectedly to become vice-chairman of Japan’s SoftBank and was replaced by longtime executive Omid Kordestani. | |
Vic Gundotra, the head of Google’s social networking services, left in April 2014. |