Dive Brief:
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Gerard Dwyer, CFO of Alphabet’s self-driving and autonomous vehicles unit Waymo, is leaving the company, shortly after the departure of CEO John Krafcik, Reuters reported Wednesday.
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Dwyer is set to leave later this month alongside Waymo’s head of automotive partnerships and corporate development, Adam Frost.
- Dwyer and Frost’s departure was shared internally this week, sources told TechCrunch; Waymo confirmed the news to TechCrunch but has yet to release an official statement.
Dive Insight:
“We’re grateful to Ger and Adam for all they’ve done for Waymo and wish them all the best,” a Waymo spokesperson told TechCrunch. “An executive search is underway for a new CFO to lead us into our next chapter as we continue to build, deploy and commercialize the Waymo Driver.”
Dwyer, who has led finance for Waymo since 2016, reported directly to Alphabet’s executive finance team. Prior to Waymo, he spent more than 10 years in business analytics, intelligence, tech and finance leadership at Google.
He is one of several executives to leave Waymo in the past few months. Chief Safety Officer Deborah Hersman left in December, followed by manufacturing and global supply head Tim Willis in February. Last month, investor relations head and treasurer Sherry House left for the CFO role at electric car company Lucid Motors and Krafcik announced his decision to step down as CEO.
Company COO Tekedra Mawakana and CTO Dmitri Dolgov are now Waymo’s co-CEOs, TechCrunch said.
Krafcik’s departure had been long planned and prepared for, Alphabet CEO Sundar Pichai told analysts during an earnings call late last month, adding that Mawakana and Dolgov had been “working closely” with him in advance.
In Dwyer’s time at the helm of Waymo, it grew from a few hundred employees to over 2,000. Last year, it closed its first external fundraising round, which brought in $3 billion.
Neither Dwyer nor Krafcik have disclosed their next steps.
