Alphabet Inc (NASDAQ:GOOGL) has reached out to Jim Campbell from Intel Corporation (NASDAQ:INTC) to offer him the corporate controller’s position.
Mr. Campbell, who has been the finance and corporate controller at Intel, will begin his new journey at Alphabet as of next week. He also held a VP position at Intel before his recent departure from the firm. Alphabet revealed the news through its 10-K Form that was made available on Thursday.
The filing stated that Mr. Campbell, who is now 60 years old, had been Intel’s corporate controller since 2004 and left this year to pursue his new post at Alphabet. His previous job was based in Europe where he presided over Intel’s international finance activities including financial reporting and financial services. At one point he also managed the chip maker’s Financial Information Systems. He has served other positions in the company, and Intel has been his home for 30 years.
Google has offered Campbell a $250,000 signing bonus so that he can be the firm’s Chief corporate controller. The company will offer him a $475,000 salary. He will also receive two equity grants each worth $3.5 million that can be exercised annually.
Campbell will be working alongside Google’s legends such as CFO Ruth Porat, chief legal officer David Drummond, executive chairman Eric Schmidt, and co-founders Sergey Brin and Larry Page. He gets to make yet another huge mark in his successful career. Alphabet believes that Campbell will be a valuable addition to the team.
Alphabet’s executives spoke about the company’s reorganization during a briefing where they stated that it was the firm’s intention to enforce tighter financial discipline to its numerous projects especially those that exist outside Google’s core businesses. During the company’s latest earnings call, Porat stated that the firm carried out a very vigorous planning process. She said that the company was focused on promoting a lot of discipline in how they view the opportunities that are available to the firm from other areas beyond the core focus.