Preeti Lobana has been hired by Google to run its India business. This is a key post that had been open since July, when Sanjay Gupta was promoted to Asia-Pacific president.
Lobana used to be vice president of advertising technology at Google. He now leads the company as it promotes its AI products in India, where competition in the digital market is growing. In 2016, she started working for Google.
India is one of Google’s most important foreign markets. The company has spent billions of dollars to help Indians of all ages get online and to digitise their businesses. The business promised to spend another $10 billion in India in 2020.
But the search giant is also getting more and more attention from regulators in the world’s second-largest internet and cellphone market. India gave Google a $162 million fine in 2022 for Android tactics that hurt competition. A few days later, it gave the company another $113 million fine because it found that the Android maker had abused its strong position as the country’s main app store (more than 95% of smartphones run Android).
The Indian antitrust regulator started a new investigation into Alphabet’s Google in March of this year. They said the tech giant’s in-app payment policies were applied in a “unfair” and “discriminatory” way.
Roma Datta Chobey, who was temporary CEO, will become the permanent CEO of the company and run its digital business unit again.
Lobana spent most of her time in banking, working at NatWest, American Express, and Standard Chartered before she joined Google.
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In a LinkedIn post, she said, “This is a once-in-a-lifetime chance to shape the future with AI, opening up never-before-seen ways for businesses to increase productivity, solve important problems, and come up with new ideas.”
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