RealTime IT News

Google CFO George Reyes Resigns

Google CFO George Reyes said will leave the company before the end of 2007.

The decision to retire was "purely a personal decision," a Google spokesperson told internetnews.com.

Reyes will remain with Google to assist in the search for his replacement and to assure an orderly transition.

"Though we fully appreciate his decision to step back from active management, we'll miss his thoughtfulness, good humor and wisdom," Google CEO Eric Schmidt said in a statement.

Reyes said he's confident he's leaving the company in good hands that "will continue to build on Google's tremendous achievements."

Reyes probably wishes the last earnings report he put together at Google could have been more positive than it was. Though Google reported a second-quarter profit of $925 million on July 18, a 28 percent gain from the same period in the year prior, the company still failed to meet Wall Street expectations.

Then, Schmidt blamed the disappointing numbers on over-hiring.

Still, Google co-founder Larry Paige had nothing but praise for Reyes.

"[Reyes] has done an excellent job in keeping us financially disciplined while protecting the best of our entrepreneurial culture," Paige said.