Google Biz Boss Leaves for SoftBank
Google's chief business officer, Nikesh Arora, is leaving the company after 10 years to take a leadership role at SoftBank, the Android maker revealed on Thursday along with its second quarter earnings.
Arora will become the vice chairman of SoftBank Corp. , as well as the CEO of SoftBank Internet and Media. Omid Kordestani, who currently leads the Google (Nasdaq: GOOG) sales team, will take over the business organization. (See MWC 2011: SoftBank CEO Bets on the Mobile Web.)
"Thank you googlers for your support and love in the last 10 years," Arora Tweeted. "Will miss all of you. Looking forward to the next adventure."
For the second quarter, Google reported earnings of $6.08 per share on revenue of $12.7 billion, missing Wall Street expectations of earnings of $6.28 per share, but surpassing revenue estimates of $12.32 billion. The company's stock slipped 8.993 basis points, or 1.5%, to $573.73, at the release of its earnings report.
— Sarah Reedy, Senior Editor, Light Reading