Google's chief financial officer announces intention to retire

Google Inc’s chief financial officer, Patrick Pichette, has announced his intention to retire, The Guardian reports, citing the company’s sources.

The 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 effective date of his retirement 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 tech 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 Corp and was replaced by longtime executive Omid Kordestani. Vic Gundotra, the head of Google’s social networking services, left in April 2014.