George Reyes To Retire As Google CFO

Google just sent out the following announcement. One wonders if this is the first of many senior executive exits as certain post-IPO events and timelines are reached. Time will tell. It will be extremely interesting to see if they promote from within or go outside the firm. The following is form the Google press release:

MOUNTAIN VIEW, Calif. – August 28, 2007 – Google Inc. (NASDAQ: GOOG)
announced today that George Reyes has informed the company of his
intention to retire as Chief Financial Officer. Reyes indicated that
he will remain to assist in the search for a new CFO and to assure an
orderly transition, which Google expects will occur by the end of the
year.

“I’ve known and admired George since our days together at Sun,” said
Google Chairman and CEO, Eric Schmidt. “As Google’s CFO, George
successfully navigated our innovative IPO, the regulatory demands of
Sarbanes-Oxley, and the management challenges of scaling a global
finance organization. Though we fully appreciate his decision to step
back from active management, we’ll miss his thoughtfulness, good humor
and wisdom.”

“Working at Google these past 5 and a half years has been an
extraordinary ride,” said George Reyes. “I’m honored and flattered to
have been a part of this great management team. I know I’m leaving the
company in good hands with a remarkable team of professionals that
will continue to build on Google’s tremendous achievements.”

“George has been a full partner in Google’s global growth and
development,” added Google co-founder, Larry Page. “He has done an
excellent job in keeping us financially disciplined while protecting
the best of our entrepreneurial culture.”

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2 Responses to George Reyes To Retire As Google CFO

  1. Ron Jones August 29, 2007 at 12:34 am #

    I agree Dave, that is “extremely interesting!” I wonder what the true underlying motivation of this is?

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