Drummond is among the longest-serving and highest paid executives at Alphabet, having joined Google in 2002. In 2018, Drummond drew scrutiny for reports of sexual misconduct with a former employee, Jennifer Blakely. Drummond has recently sold more than $200 million worth of his company stock, according to SEC documents.
In his role as SVP of corporate development and chief legal officer, Drummond oversaw a broad swath of the company's operations, including public policy and mergers and acquisitions. A company spokesperson told Forbes that Drummond would not be receiving an exit package.
Shares of Alphabet were up 0.59% on Friday afternoon to $1,428.23.
In a memo cited by CNBC, Drummond said his resignation is effective Jan. 31.
“With Larry and Sergey now leaving their executive roles at Alphabet, the company is entering an exciting new phase, and I believe that it’s also the right time for me to make way for the next generation of leaders,” Drummond’s note read. “As a result, after careful consideration, I have decided to retire at the end of this month.”
In December, Google founders Larry Page and Sergey Brin announced that they are leaving their roles at Alphabet, appointing Sundar Pichai as CEOs of both Google and parent company Alphabet.
Jennifer Blakely, a former contracts manager at Google, published a widely-read blog post in 2018 alleging that Drummond carried on extramarital affairs with employees while at the company, including Blakely. Drummond and Blakely had a child together and later parted ways, and Blakely claimed that Drummond withheld support and mistreated her and the child.
The New York Times also reported in 2018 that Drummond helped to conceal allegations of workplace sexual misconduct by Andy Rubin, co-founder of Android and a former top executive at Google. To much controversy, Rubin was awarded a $90 million exit package after an investigation found the misconduct claims against him to be credible.
Alphabet's handling of sexual misconduct complaints also sparked a shareholder lawsuit alleging that the company breached fiduciary duty by covering up misconduct allegations. Drummond is one of several current and former executives named in the lawsuit.