Google's finance chief to resign |
Moneyweb - Aug 29, 2007 |
Google Inc. said Chief Financial Officer George Reyes is retiring from the Internet company, in one of the first departures from its top executive ranks.
Mr. Reyes, who is 53 years old and joined Google before its 2004 initial public offering, will remain to assist in the search for his successor, expected to be finished by the end of the year, Google said. Some analysts and people close to the Mountain View, Calif., company praised how Mr. Reyes managed Google's finances and its approach to Wall Street, which included the unconventional practice of not providing investors with detailed quarterly financial guidance.
His tenure also was marked by several controversial public statements, including one in December 2004 talking up the risk of Internet fraud and a February 2006 warning that Google's growth couldn't maintain its pace, which sent Google's shares down. The company tried to distance itself from both statements.
Read Full Article from Moneyweb
- Posted: 2007-08-29 07:58:33
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