Patrick Pichette Explained

Patrick Pichette
Birth Place:Montreal, Quebec, Canada
Education:
Awards:National Order of Québec

Patrick Pichette (born 1962) is a Canadian business executive and venture capitalist who was the senior vice president and the chief financial officer of Google from 2008 until 2015.[1] He then became a venture capital fund manager, and is a director for several companies and a foundation.[2]

Early life and education

Pichette was born in 1962 and raised in Montreal, Quebec.[3] He holds a Bachelor of Business Administration degree from Université du Québec à Montréal (1987) and a Master of Arts degree in philosophy, politics and economics from Pembroke College of the University of Oxford.[1] He received a Rhodes Scholarship.

Career

Pichette began his career in 1989 as an associate at McKinsey & Company in Toronto. In 1994, he left to become vice president and chief financial officer (CFO) of Toronto-based Call-Net Enterprises, but rejoined McKinsey in 1996 after Call-Net's acquisition by Rogers Communications. He joined BCE Inc. in 2001 as an executive vice president. From 2002 to 2003, he had a brief stint as Bell Canada's CFO, before transitioning to the role of president of operations which he held from 2004 to 2008.[4]

He was senior vice president and CFO of Google Inc. from 2008 until 2015.[1]

In April 2011, it was announced that Pichette would also be taking over human resources responsibilities within Google from vice president Laszlo Bock,[5] and BizOps from Shona Brown.[6]

In 2013, Pichette accepted a position on the board of directors for Bombardier Inc., a position he held until 2017.[7] [8]

In March 2015, he announced he would retire to travel the world.[9] [10] He was succeeded as CFO by Ruth Porat.

In June 2015, he received the National Order of Québec.[11]

In April 2018, he joined Inovia Capital, a venture capital firm with offices in Montreal, Toronto, San Francisco and London.[12] [13] [14] After becoming a general partner at Inovia Capital, Pichette is splitting his time between the firm's offices in London, Canada and Silicon Valley.

In 2019, Pichette became a lead founding member of UK's Creative Destruction Lab at Oxford.[15]

In 2021, Pichette was appointed as a board member of indoor cycling app company Zwift.[16]

Pichette was appointed independent board chair of Twitter, Inc. on June 2, 2020.[17] He served as lead independent director from 2018 - 2022. After Elon Musk's acquisition of Twitter in October 2022, Musk fired the entire board of directors, including Pichette, leaving Musk as the sole board member.[18]

Pichette serves on the Board of Directors as chair of the board at Montreal-based company Lightspeed. He joined in October 2018 and took the position of Lead Independent Chair in February 2022.[19] He served chair of the board of directors at the Trudeau Foundation from November 2018 until March 2021.[20] Pichette is a board advisor to the start-up Arctoris.[21]

Personal life

Pichette lives in London, and is married to Tamar Pichette,[12] with whom he has three children.[22]

He and his wife Tamar are involved in philanthropic projects including a conservation and research project with Nature Conservancy of Canada in protecting Kenauk, a 65,000 acre territory between Montreal and Ottawa.[23] [24] [25] They are active partners in a project with Himalayan Cataract Project, building an eye hospital in Ethiopia.

External links

Notes and References

  1. Web site: Bell Canada Executive Patrick Pichette to Join Google Executive Team . Google.
  2. https://techcrunch.com/2018/04/11/former-google-cfo-patrick-pichette-just-joined-the-world-of-venture-capital/ "Former Google CFO Patrick Pichette just joined the world of venture capital"
  3. Web site: Pichette . Patrick . September 28, 2022 . The Times They Are A-Changin' . Inovia . https://web.archive.org/web/20221127175539/https://www.inovia.vc/inovia-conversations/the-times-they-are-a-changin/ . November 27, 2022 . live.
  4. News: Kennedy . David . March 11, 2015 . Google's Canadian CFO to embark on the adventures of early retirement . The Globe and Mail . https://web.archive.org/web/20230922061548/https://www.theglobeandmail.com/technology/googles-canadian-cfo-ready-to-embark-on-an-early-retirement/article23412646/ . September 22, 2023 . live.
  5. News: Google CFO to take on HR duties. HR Grapevine. 14 April 2011. 28 October 2014.
  6. News: More Google Management Changes: CFO Patrick Pichette Adds BizOps and HR to His Duties . All Things D . Liz Gannes . April 11, 2011 . January 26, 2017 .
  7. News: Money began to rain on Trudeau Foundation once Justin took over Liberals, analysis shows. 2021-07-08. National Post. December 14, 2016. en-CA. Schwartz. Claire Brownell.
  8. Web site: Bombardier recrute Patrick Pichette, de Google. 2021-07-08. TVA Nouvelles. October 31, 2013 .
  9. News: Guyunn. Jessica. Google CFO Patrick Pichette to retire. 10 March 2015. USA Today. 10 March 2015.
  10. Web site: Blog posting . Patrick Pichette . Google Plus . March 10, 2015 . January 26, 2017 .
  11. Web site: Patrick Pichette - National Order of Quebec (In French). ordre-national.gouv.qc.ca. March 10, 2021.
  12. Web site: Former Google CFO Patrick Pichette's vacation is over: He's becoming a VC. April 11, 2018. https://web.archive.org/web/20180412082607/https://www.recode.net/2018/4/11/17219400/patrick-pichette-google-cfo-venture-capital. April 12, 2018. dead.
  13. https://www.theglobeandmail.com/business/technology/article-inovia-snags-cfos-from-google-blackberry-to-lead-growth-fund/ "INovia Sngas CFOs from Google and Blackberry to Lead Growth Fund"
  14. https://www.newswire.ca/news-releases/top-google--rim-executives-join-canadas-inovia-capital-to-transform-growth-investing-679374843.html "Top Google / RIM Executives Join Canada's iNovia Capital To Transform Growth Investing"Top Google"
  15. Web site: Former Google CFO to coach British spinouts in becoming the next tech winners . . https://web.archive.org/web/20221130112420/https://www.telegraph.co.uk/technology/2019/03/12/former-google-cfo-coach-british-spinouts-becoming-next-tech/ . 2022-11-30 . live .
  16. News: Zwift Adds Twitter's Pichette, Lululemon's Burgoyne to Board.
  17. Web site: Inline XBRL Viewer.
  18. Web site: Quebecer among Twitter board members fired after Elon Musk takeover . 2022-10-31 . . https://web.archive.org/web/20221115071303/https://montreal.ctvnews.ca/quebecer-among-twitter-board-members-fired-after-elon-musk-takeover-1.6133002 . 2022-11-15 . live .
  19. https://investors.lightspeedhq.com/English/management/board-of-directors/default.aspx Patrick Pichette: Lead Independent Director
  20. https://www.trudeaufoundation.ca/member/patrick-pichette Patrick Pichette
  21. Web site: About Us. 2020-07-14. Arctoris.
  22. News: Moore . Karl . September 5, 2016 . Patrick Pichette: 'When work starts feeling too comfortable, fire yourself' . The Globe and Mail.
  23. News: Coulton . Marisa . February 12, 2023 . 'More stuff means less happiness': Twitter's former board chair Patrick Pichette strives for a simpler life . Financial Post . Yahoo! Finance.
  24. Web site: Luxury lodge rental in Outaouais, Quebec - Kenauk Nature. 2021-07-08. Luxury lodge rental in Outaouais, Quebec - Kenauk Nature. en-US.
  25. Web site: Wilderness Research. 2021-07-08. Kenauk Institute. en.