View of Google headquarters in Mountain View, California, USA, April 16, 2024.
Typhoon Coskun | Anadolu | Getty Images
Eli Lilly Anat Ashkenazi will become the financial director. alphabet The new chief financial officer will take effect July 31, Google’s parent company said Tuesday, nearly a year after Alphabet announced that current Chief Financial Officer Ruth Porat would move to a new role as president and chief investment officer.
Ashkenazi worked at Eli Lilly for 23 years, which confirmed her departure to separate issue.
“We are thrilled to have found such a strong CFO with a track record of strategically focusing on long-term investments to drive innovation and growth,” Alphabet CEO Sundar Pichai said in the report. release.
Ashkenazi joined Eli Lilly in 2001 and has served as CFO since 2021. She will continue to serve on the pharmaceutical company’s executive committee until her departure. Previously, she served as CFO for several of the company’s global business units, helping manage windfall revenues from sales of Eli Lilly’s weight loss and diabetes products.
Porath spent nearly three decades as an investment banker at Morgan Stanley, culminating as chief financial officer, before joining Google in 2015. She helped transform Google into one of the most valuable companies in the world. The company has recently battled threats ranging from the artificial intelligence race to antitrust investigations.
Changes in leadership have been discussed for a long time. In 2023, Google announced that Porat would retire and has been searching for his successor ever since.
Google’s finance division has faced other changes in recent months. Earlier this year, Porat announced that Google was restructuring its finance division as the company pushes to invest in artificial intelligence, as CNBC previously reported, with layoffs and moves that would impact teams around the world.
Google’s “old guard” has undergone changes beyond Porat, as CNBC previously detailed. YouTube CEO Susan Wojcicki, former chief business officer Robert Kinkle and widely respected artificial intelligence expert Geoffrey Hinton are among those who have left or announced they will leave as of 2023.
Disclosure: Anat Ashkenazi is a member CNBC CFO Board.
— CNBC’s Jenn Elias and Annika Kim Constantino contributed to this report.
