Google CFO to Retire

George Reyes announced he will retire from his post as finance chief and senior vice president at the end of the year.

Google Inc.’s chief financial officer and senior vice president George Reyes has announced he will retire at the end of the year.

Reyes, who joined the internet search engine’s finance team in 2002, said he will stay with the company during its search for a new CFO and aid with the transition.

In 2004, Reyes played a key role in Google’s successful and high-profile public offering. He also oversaw the company’s $1.65 billion acquisition of the on-line video Web site, YouTube, last year.

Reyes told CFO magazine in April that his top goals for the company in 2007 were “to continue to profitably grow our business, to attract and retain the best talent available, and to invest in continuous business-process improvements.”

“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,” said Google chairman and CEO Eric Schmidt. “Though we fully appreciate his decision to step back from active management, we’ll miss his thoughtfulness, good humor, and wisdom.”

Schmidt and Reyes had worked together previously at Sun Microsystems, where Reyes served 13 years in an array of financial positions including group controller of general systems, director of finance of intercontinental operations, audit director, vice president, corporate controller, and treasurer.

Reyes also currently serves as a director of Symantec Corp. and BEA Systems Inc.

Google did not disclose why Reyes has decided to retire or if he intends to pursue any other interests. A Google spokesman said Reyes was not available for comment at press time.

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