George Reyes, Google's current CFO, announced his retirement last August. But he won't be getting the office party and the gold watch until nearly a year later, when Patrick Pichette, formerly president of operations at Bell Canada, assumes the position on August 12th. Pichette also has experience working for top management consulting firm McKinsey & Company where he worked with North American telecoms. Pichette only has an MA, no PhD, but it is from Oxford. He'll be wandering the Googleplex as of August 1st, giving him some time to acclimatize to the local cult before taking over the company's financials. Full release after the jump.
MOUNTAIN VIEW, Calif. (June 25, 2008) – Google Inc. (NASDAQ: GOOG) today announced that Patrick Pichette will be named Senior Vice President and Chief Financial Officer. Most recently, Mr. Pichette served as President of Operations at Bell Canada, a leading global communications company.
Mr. Pichette brings nearly 20 years of experience in financial operations and management in the telecommunications sector, including 7 years at Bell Canada, which he joined in 2001 as Executive Vice President of Planning and Performance Management. During his time at Bell Canada, he held various executive positions, including CFO from 2002 until the end of 2003, and was instrumental in the management of the most extensive communications network in Canada and its ongoing migration to a new national IP-based infrastructure. Prior to joining Bell Canada, Mr. Pichette was a partner at McKinsey & Company, where he was a lead member of McKinsey's North American Telecom Practice. He also served as Vice President and Chief Financial Officer of Call-Net Enterprises, a Canadian telecommunications company, from 1994 to 1996. Mr. Pichette earned a BA in Business Administration from Université du Québec à Montréal and an MA in Philosophy Politics and Economics from Oxford University, where he attended as a Rhodes Scholar. He is also chairman of the board of Engineers Without Borders (Canada).
Reporting to Google Chairman and Chief Executive Officer Eric Schmidt, Mr. Pichette will start on August 1, and he will assume responsibility for the company's financial operations and become CFO on August 12.
"Patrick brings the expertise and track record of a successful CFO, along with the hands-on business experience of a seasoned operations executive," said Dr. Schmidt. "This strong combination of skills and experience will be an important addition to Google's executive management team and will support our ongoing efforts to increase value for our users, advertisers and partners." Schmidt added, "On behalf of all my colleagues at Google, we welcome Patrick and, once again, thank George Reyes for all that he's done for Google."
"Google is a great company with a phenomenal brand and an outstanding management team," said Pichette. "As an avid user of Google products, I've admired the company for many years and am excited about working with my new colleagues in Mountain View and around the world."