nvesting.com -- Google Inc . (NASDAQ:GOOGL) chief financial officer Patrick Pichette decided on Tuesday afternoon to retire from the tech giant, CNBC reported.
Pichette joined Google in 2008 after spending seven years at Bell Canada, where he held a variety of positions including chief financial officer from 2002-2003. Prior to working at Bell, Pichette served as a partner at McKinsey & Company where he was a lead member of the company's North American Telecom Practice. Pichette holds a master's degree from Oxford University in politics, philosophy and economics, where he attended as a Rhodes' Scholar.
In January, Pichette expressed pessimism in regards to the future of Google Glass during a fourth quarter earnings call. Google temporarily discontinued the Glass Explorer program on Jan. 19.
“When teams aren’t able to leap hurdles, but we think there’s still a lot of promise, we might ask them to take a pause and take the time to reset their strategy, as we recently did in the case of Glass,” Pichette said. “In those situations where projects don’t have the impact we hope for, we do take the tough calls, we make the decision to cancel them, and you’ve seen us do this time and time again.”
More recently, Pichette blamed a stronger dollar for some of the company's revenue losses. The strengthening of the dollar, Pichette said, was responsible for creating $400 million in losses for Google.
After falling 2.43% or 13.84 to 555.01 on Tuesday, Google was up 3.86 or 0.70% to 558.87 in after hours trading.
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