Sometimes founders are obligated to stay for a year or two after their company has been acquired, and sometimes things unravel a lot faster. Google (NSDQ: GOOG) is confirming a report in TechCrunch that AdMob Founder and CEO Omar Hamoui is leaving five months after his company was scooped up by Google for $750 million.
Google says Hamoui is leaving for personal reasons, and it seems to be at Google’s expense. This piece of the report hasn’t been confirmed, but it sounds like AdMob’s employees were able to begin enjoying the incentives from the acquisition when the deal was first completed in Oct. or Nov. 2009 — not when it received the official rubber stamp from the government, which held up things up until May. Therefore, by that measure, Hamoui has actually been around for about a year.
Other AdMob departures may be on the way with TechCrunch already listing two: AdMob’s VP of Product Management Ali Diab and AdMob’s VP of Business Development Niren Hiro. Meanwhile, Google recently hired Jeremy Arnon, formerly of Apple’s iAd, as Strategic Partner Development Manager of Commerce.
In a statement, Google said: “Omar has decided to leave AdMob and Google for personal reasons. He built a fantastic business in a short period of time, and we wish him all the best. Mobile advertising – across search and display – is now a billion dollar business for Google, with AdMob a key part of that. Google is fortunate to have a great team of leaders who are driving the next phase of rapid growth and innovation across all our mobile ads products.”