This comes as a shock to me. Google stock is currently slumping at USD$506.40, but it’s still extremely high. Of course I know that stock isn’t going to be a key factor for any one person to ever stay with a company, but it’s not like we can see the company as being a failure right now.
I am very interested to see where George Reyes moves on to. Being the recent CFO of Google leaves a lot of doors open for him to walk through.
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.”About Google Inc.
Google’s innovative search technologies connect millions of people
around the world with information every day. Founded in 1998 by
Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a
top web property in all major global markets. Google’s targeted
advertising program provides businesses of all sizes with measurable
results, while enhancing the overall web experience for users. Google
is headquartered in Silicon Valley with offices throughout the
Americas, Europe and Asia. For more information, visit www.google.com.###
Google is a registered trademark of Google Inc. All other company and
product names may be trademarks of the respective companies with which
they are associated.Media and Analyst Contact:
David Krane
Corporate Communications
650.253.4096
david@google.com
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