Updated: July 19, 2014 1:12:23 am
Google Inc’s chief business officer, one of Chief Executive Officer Larry Page’s key lieutenants and the company’s main liaison to Wall Street, is leaving the Internet search company, the latest high-ranking executive to depart.
Nikesh Arora, who joined Google nearly a decade ago, will move to Japan’s SoftBank Corp as vice chairman, according to a post by Page on the Google+ social network.
Omid Kordestani, who has led sales teams at Google for years, will take over in the interim, marking the latest change to Google’s senior leadership in past months.
Android operating software boss Andy Rubin stepped aside last year, and Salar Kamangar, head of the YouTube video website, was succeeded in February by longtime Google ad executive Susan Wojcicki.
In April, Vic Gundotra, head of social networking services, said he was exiting.
Arora’s surprise departure was announced as Google reported results that beat investors’ expectations on Thursday.
Revenue in the three months ended June 30 totaled $15.96 billion, compared to $13.11 billion in the year-ago period. Analysts polled by Thomson Reuters I/B/E/S were looking for $15.61 billion in revenue.
The world’s No.1 Internet search company said the number of “paid clicks” by consumers on its ads increased 25 per cent year-on-year in the quarter. But the average price of the ads declined 6 percent.
Google earned $3.42 billion or $4.99 per share in the second quarter, versus $3.23 billion or $4.77 per share a year earlier. Excluding certain items, Google said it earned $6.08 a share.
Google Inc’s reshuffle of its senior ranks underscores the Internet company’s evolving business ambitions, analysts say.
Three years after co-founder Larry Page took the reins back as chief executive officer, his team of lieutenants is clearly undergoing a refresh.
Arora represents the latest in a string of personnel changes within Google’s top ranks over the past 16 months, affecting major divisions from Youtube to its popular Android mobile software.
In some cases, the moves appear to be the result of personal circumstances or opportunities. Arora’s role at SoftBank represents a promotion, analysts say.
But a half-dozen other top executives have left or switched roles in recent months. They included the departed Vic Gundotra, who oversaw the Google+ social network; and Salar Kamangar, who was CEO of YouTube before moving to another role.
Fresh faces now pictured on Google’s senior management page include Craig Barratt, whose responsibilities include efforts building broadband networks and delivering wireless Internet access, and Lorraine Twohill, the head of marketing who was recently promoted to senior vice president.
It is unclear what motivated each individual move. But analysts say they suggest a general desire to have fresh eyes on key parts of the business as Google pursues growth areas.
“The opportunities they’re chasing are so much bigger now,” said BGC Partners analyst Colin Gillis.
“They weren’t digging up fibre four years ago. They didn’t have Chromecast,” he said, referring to Google’s ultra-high-speed fiber network and a device for streaming Web content to televisions.
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