March 24, 2007 – (HOSTSEARCH.COM) – Google Inc. has announced that Mr. Michael Moritz, a board member since May 1999, does not intend to seek re-election to the company’s board of directors. Google’s annual stockholder meeting and election of directors is on May 10, 2007.
"Mike's many contributions to Google over the years as investor and director helped us immensely," explained CEO of Google, Mr. Eric Schmidt. "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 Co-founder and President of Technology, Sergey Brin. "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."
