Google Inc. have announced that Chief Financial Officer, George Reyes, will be stepping down – a move remarked as one of the first departures from its top executive ranks.
Both CEO Eric Schmidt, who worked alongside Reyes at Sun Microsystems, and co-founder Larry Page praised his contribution:
[George was successful in] keeping Google financially disciplined while protecting the company’s entrepreneurial culture.
Some have speculated that Google’s previous lackluster quarter has led to disagreement around the boardroom table regarding the Internet giant’s future strategy – one of diversification led by a massive hiring initiative.
Reyes will assist in the search for his successor
in an effort to cut recruitment expenses – a transition hoped to be achieved by the end of the year.