George Reyes will hang up his spurs as
CFO by the end of the year, the company has announced.
The departing finance chief has been with the internet giant for five and
half years , but has decided to stand down from his post for personal reasons.
It has been a turbulent time for the finance chief’s extended family after
his nephew Gregory Reyes, CEO of Brocade Systems, became the first company
executive to be found guilty of stock options backdating.
He is not thought to be on the move to another company, but before his
departure he will be involved in the search for his replacement.
‘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,’ the company said.
Google Chairman and CEO, Eric Schmidt added:’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.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte