Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Beset by regulation, Google merges European divisions - source

Published 26/02/2015, 10:53
© Reuters.  Beset by regulation, Google merges European divisions - source
GOOGL
-

By Eric Auchard

(Reuters) - Google Inc (NASDAQ:GOOGL.O) has combined its two European regional divisions as it seeks to meet the challenges of tougher regulation across the continent, a source close to the company said on Thursday.

The Internet giant is merging its northern and western European division with the unit covering southern and eastern Europe, Middle East and Africa, the source said.

The shake-up follows a year of setbacks for the company on political and regulatory fronts on issues ranging from antitrust to privacy to how much tax it pays in different European nations, as well as fraught relations with some European industries including media and telecom groups.

The decision was taken to simplify the organisation, both for commercial reasons as well as to work more effectively with business partners and policy makers.

Google's regional headquarters will remain in Dublin, where it employs thousands of staff, and the reorganisation will not result in job losses, the source said.

The U.S. company has become a lightning rod for criticism in Europe of aggressive Silicon Valley business practices, a role reversal from previous years when it was revered as a standard-bearer of innovation and new economic possibilities.

In response, Google has argued that for Europe to remain competitive in global markets, it needs to form a single digital market instead of relying on national regulations in its 28-member states that often act to protect local industries.

OLYMPIC ROWER

Matt Brittin, who previously led Google's northern and western European division, will head up the combined Europe, Middle East and Africa operation while Carlo d'Asaro Biondo, formerly head of the other regional unit, will take on a strategy role, the source said.

Brittin, a former Olympic rower for Great Britain, joined Google in 2007 to run its UK operations, leaving newspaper publishing group Trinity Mirror where he was director of strategy. He will remain based in London.

D'Asaro Biondo, previously an executive with media group Lagardère, AOL Europe and computer services company Unisys, will continue to work from Paris.

He will manage Google's strategic partnerships in the region, which include working to deepen ties with newspaper publishers, telecom operators and carmakers.

Brittin will appear in Brussels on Thursday to argue the company's case that it serves as a growth engine for European business, especially for small and medium-sized enterprises, because the Internet helps create a level playing field.

He will announce Google's plan to fund a digital job-training programme for 1 million Europeans over the next two years, the source said.

© Reuters. The Google logo is spelled out in heliostats \during a tour of the Ivanpah Solar Electric Generating System in the Mojave Desert near the California-Nevada border

News of the company's European reorganisation was first reported in the Financial Times late on Thursday (http://on.ft.com/1wpjCBi).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.