Google Searches for New CFO

Current financial chief George Reyes will remain in the role until successor is chosen and in place

Web search giant Google announced that it is looking for a new chief financial officer after current CFO George Reyes informed the company that he plans to retire.

Reyes, a Silicon Valley veteran who previously worked at ONI Systems and Sun Microsystems, has been with the company since 2002. He will remain in his role to help find a replacement and assist in the transition, which Google expects to occur by year-end.

"I've known and admired George since our days together at Sun," said Google Chairman/CEO, Eric Schmidt, in a statement. "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."

"George has been a full partner in Google's global growth and development," added Google co-founder Larry Page in a statement. "He has done an excellent job in keeping us financially disciplined while protecting the best of our entrepreneurial culture."