BusinessCompany NewsGoogle FD calls it a day

Google FD calls it a day

George Reyes announces plans to retire from the internet search giant after five and a half years in the

George Reyes will hang up his spurs as
Google’s
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.’

Further reading:

First guilty verdict in US options
backdating case

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