22.03.2007 20:01:00
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Michael Moritz Will Not Seek Re-Election to Google's Board of Directors
Google Inc. (NASDAQ:GOOG) today announced that Michael Moritz has
informed the company that he will not seek re-election to its board of
directors at the 2007 stockholder meeting. Moritz, who has been a
director since May 1999, said his decision will allow him to focus more
time on his responsibilities as a general partner of Sequoia Capital.
"Mike's many contributions to Google over the years as investor and
director helped us immensely," said Eric Schmidt, Google's chief
executive officer. "His insights, drive, and determination are part of
Google today and will be so forever."
"Larry and I both have valued Mike's counsel and wisdom from Google's
earliest days," added Sergey Brin, Google's co-founder and president of
technology. "We respect his decision to focus more of his energies on
Sequoia, but will miss him. Sequoia provided crucial advice, funding and
leadership to Google and we look forward to working with the entire set
of distinguished partners at Sequoia in the future."
"Larry and Sergey's originality and the remarkable accomplishments of
Eric and the Google management have generated substantial returns for
Sequoia Capital's limited partners - almost all of which are charities,”
said Moritz. "I'm delighted to have played a
role in these achievements and, along with my partners at Sequoia, look
forward to identifying and supporting new businesses, in partnership
with Google and others."
Google will hold its annual election of directors at its stockholder
meeting on May 10, 2007.
About Google Inc.
Google's innovative search technologies connect millions of people
around the world with information every day. Founded in 1998 by Stanford
Ph.D. students Larry Page and Sergey Brin, Google today is a top web
property in all major global markets. Google's targeted advertising
program provides businesses of all sizes with measurable results, while
enhancing the overall web experience for users. Google is headquartered
in Silicon Valley with offices throughout the Americas, Europe and Asia.
For more information, visit www.google.com.
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