Business, News

David Drummond to leave Alphabet Inc., Google’s parent company

Drummond drafted Google’s original incorporation papers

 

 

By Frederick H. Lowe

BlackmansStreet.Today

David Drummond

David Carl Drummond, who drafted the original incorporation papers for the search engine Google, is leaving its parent company Alphabet Inc. as chief legal officer on January 31, according to a January 8th U.S. Securities Exchange Commission filing.

Larry Page and Sergey Binn, two PhD students at Stanford University founded Google as a research project on September 4, 1998. Drummond joined Google in 2002 as senior vice president of corporate development and general counsel after working with the company as its first outside counsel while employed by the law firm of Wilson Sonsini Goodrich & Rosati.

In 2006, he was named Google’s chief legal officer and senior vice president of corporate development. In 2015, when Google created Alphabet Inc., he retained those positions.

At Google, he oversaw the purchase of YouTube, Android, DoubleClick and Motorola Mobility.

He played a key role in growing the Mountain View, California-based company, overseeing Alphabet’s investment arms GV and Capital G.

Alphabet did not give a reason for Drummond’s departure, but he reportedly is stepping down amid a company-wide investigation into his relationships with women employees.

Drummond didn’t mention any possible legal troubles.

He explained he was leaving because Page and Brin announced they were stepping back from day-to-day management of the company.

“With Larry and Sergey now leaving their executive roles at Alphabet, the company is entering an exciting new phase, and I believe that it’s also the right time for me to make way for the next generation of leaders,” Drummond said in an email to employees shared by Google.

A native of Carmel, California, Drummond is a graduate Santa Clara University and Stanford Law School.

In 2018, Drummond earned a salary of $47 million. Recently, he sold 77 million shares of Alphabet’s stock. That sale followed an earlier sale of a combined 70 million shares in the previous two months.

Google reported 2018 annual revenues of $136.22 billion.

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