The official Google press center announced that CFO, George Reyes would retire.

Eric Schmidt commented, "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."

Reyes who was with the search engine juggernaut for the last 5 years said, "I'm honored and flattered to have been a part of this great management team. I know I'm leaving the company in good hands with a remarkable team of professionals that will continue to build on Google's tremendous achievements."

Reyes indicated that he will remain to help Google find a new CFO and to assure an orderly transition, which Google expects will occur by the end of the year.

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