Waymo CEO John Krafcik resigns and is replaced by two co-CEOs

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Waymo CEO John Krafcik has announced that he will step down from his role as CEO. Tekedra Mawakana, Waymo’s chief operating officer, and Dmitri Dolgov, the company’s chief technology officer, will work together as co-CEOs in the future.

Krafcik has not provided a detailed explanation of his departure or what he will do next. “After five and a half exciting years of leading this team, I have decided to leave my CEO role at Waymo and embark on new adventures. To begin with, I look forward to a refresher period, to reconnect with old friends and family and discover new parts of the world, ”he said in a blog post announcing the move.

In a statement to employees obtained by CNBC, Mawakana and Dolgov said, “We are committed to working with you to build, deploy and market the Waymo driver and drive the success of our incredible team and business. We get energy from the road and the opportunities that lie ahead. “

Krafcik joined Waymo in 2005 as its first CEO, before it was his own arm of the company (or even before it was called Waymo), and has led the division ever since. In the future, he will also stick around as a consultant. Prior to joining Waymo, Krafcik was president and CEO of Hyundai’s US operations (in addition to a stint on car price comparison site TrueCar).

Waymo has come a long way since then: the company has been testing fully autonomous, self-driving cars on demand in Phoenix since 2018 through its Waymo One service (which was expanded in subsequent years). The company is also working on self-driving commercial trucks as part of its Waymo Via service