Privately, John Krafcik told some investors he had already stayed longer than he intended.
Google affiliate Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts.
And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
But Waymo must first quell concerns about a recent string of departures that have raised questions about its strategy and the size of its lead in the field.
Since February, Waymo has
lost six key executives in rapid succession, including its CEO, CFO and several key lieutenants. John Krafcik, the outgoing CEO, had telegraphed his departure to some although it surprised many at Waymo and others at Alphabet, said the people, who asked not to be identified because the talks were private. Waymo appointed two executives as co-CEOs and is recruiting a new CFO.
CPPIB reports record return for latest fiscal year, assets near half a trillion
by The Canadian Press
Last Updated May 20, 2021 at 8:28 am EDT
TORONTO The Canada Pension Plan Investment Board reported a record gain on its investments for its latest fiscal year as its net assets climbed to $497.2 billion.
The investment manager says the fund earned 20.4 per cent net of all costs, the highest return since its inception, for its 2021 fiscal year that ended March 31.
The result compared with a return of 3.1 per cent for its 2020 fiscal year which ended with net assets of $407.3 billion.
CPP Investments CEO John Graham says the fund performed exceptionally well in fiscal 2021, as it capitalized on improving global equity markets following the steep declines at the end of fiscal 2020.
(Recasts with comments from CEO interview)
TORONTO, May 20 (Reuters) - The Canada Pension Plan Investment Board (CPPIB) is hunting for investments in the world’s transition to renewable energy as it aspires to be a global leader in sustainability, the head of the company told Reuters on Thursday.
“One of the keys here is investing in the transition with a view that for the world to transition to a zero carbon world, many of the existing conventional players are going to be leaders in the future,” John Graham, president and chief executive of CPPIB, said in an interview after the company reported a record net annual return of 20.4% in its financial year ended March.
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