Google Inc. confirmed Friday, Dec. 7, that David Lawee, the company's head of corporate development since 2008, will be handing over his job to Don Harrison, the company's deputy general counsel, beginning in 2013.
Google said Lawee will be "pursuing other interests within Google," although a spokeswoman declined to specify what those would be. Reuters reported that Lawee will be heading a new late-stage venture investment group. Google already has a fund that focuses on early-stage companies, Google Ventures, which Harrison has advised since its inception. As head of the legal team that supports M&A, Harrison has also been one of the key negotiators on about 70 or more Google deals, including the $12.5 billion Motorola Mobility Holdings Inc. acquisition that closed this year. If Lawee does spearhead a late-stage venture investment fund, he will likely remain busy. Google has already been one of the most acquisitive U.S. companies in the tech space for 2012, with roughly 52 deals under its belt so far, many small, according to Dealogic data.
In an interview with The Deal last year, Lawee -- an energetic and experienced venture capitalist -- said, "I have never seen as many explosive areas of growth in the digital economy as today, and I've been working in this space since 1994. It's never been a more exciting time."
Denis A. Bovin, who has connections from corporations to the U.S. government, joined Evercore Partners Inc. as a senior adviser, global technology and aerospace/defense. For other updates launch today's Movers & shakers slideshow.
The teen apparel retailer is running into a cash flow problem, and some investors say that it will need to get its turnaround in gear or it could run out of money within a year. More video