Google Fiber is losing its second CEO in less than a year

Google Fiber, the high-speed internet service operated by Alphabet, has lost its second CEO inless than a year. Gregory McCray isstepping down from the CEO job of Access, the Alphabet subsidiary that houses the Fiber unit, Google confirmed to Business Insider on Monday.

2017-07-17T23:20:54Z

Google Fiber, the high-speed internet service operated by Alphabet, has lost its second CEO in less than a year. 

Gregory McCray is stepping down from the CEO job of Access, the Alphabet subsidiary that houses the Fiber unit, Google confirmed to Business Insider on Monday.

The change is the latest shake-up at Access, which announced in October that it would stop rolling out its 1 gigabit per second wired broadband networks to new cities and focus on newer, wireless options, such as the Webpass wireless service it acquired last year.

There's another shake up in Google Fiber's leadership George Frey/Reuters

The Access group also had layoffs towards the end of 2016 and shifted hundreds of other employees to different units within Google earlier this year.

Alphabet CEO Larry Page said in an emailed statement to Business Insider on Monday that the company is "committed to the success of Google Fiber" and was looking for new leader for the business.

"We are serving not only our core Fiber cities but also others through Webpass. Fiber has a great team and I'm confident we will find an amazing person to lead this important business," Page said in the statement on Monday, following the news, which was first report by Bloomberg. 

Craig Barratt, the head of Google Access, stepped down from the top job at the time. And Google hired McCray in February.  McCray was the CEO of Aero Communications before taking the job at Alphabet. His departure after only five months on the job is likely to revive questions about the future of the Access division when Alphabet holds its Q2 earnings conference call next week. 

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyovsSgpquxXaKwpL7AsmStp12owaa8jJ2msKZdlsBur8SoZKieXZy8sLPLnmSfoZKav26vzqanmqapYq6kr8SsqmZqYGaEboM%3D

 Share!