Google Chief Financial Officer George Reyes will leave by year-end, Google said today, after the executive helped manage the huge search engine through five years of spectacular growth.
The company didn’t provide an explanation. It’s possible he wanted to step down, after years of pressure and accumulated wealth. However, there could be other reasons. The company disappointed investors last quarter, when hiring and research costs caused the company to miss profit expectations. Also, it could be joined with personal reasons: Three weeks ago, a federal jury in San Francisco convicted Reyes’ nephew, Gregory Reyes, of duping investors by concealing the manipulation of stock options, a move that is expected to give him jail time.
Reyes has been a steady hand for most of this time at Google, except for a brief period last year when he made a public statement that Google wouldn’t be able to maintain its 86 percent sales growth, words that sent Google shares reeling by 7.1 percent.
3 Comments
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A. Smith said:
Between Sun Micro and Google, George Reyes doesn’t need any more wealth. Personal reasons, including ease of the grind would be my guess.
Kudos to a job well done! :-)
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Ben C said:
George Reyes did an excellent job serving as CFO for Google and deserves to spend time with family after working so hard over the past 5 years.
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carl said:
Gregory Reyes….
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3:01 pm
Google’s 10-month CFO search lands Bell Canada exec » VentureBeat said:
[...] 10 months after announcing the departure of longtime Chief Financial Officer George Reyes, Google has finally selected a replacement — Patrick Pichette, President of Operations at [...]