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Anat Ashkenazi is Alphabet's New CFO, Replacing Ruth Porat

Jun 05, 2024 - techtimes.com
Alphabet Inc. has appointed Anat Ashkenazi, a seasoned executive with over two decades at Eli Lilly, as its new Chief Financial Officer. Ashkenazi will replace Ruth Porat, who has been a key figure in Alphabet's financial strategy and will transition to the role of investment chief. This change comes as Alphabet intensifies its focus on artificial intelligence (AI) technologies to stay competitive in the tech industry.

Ashkenazi's appointment will take effect on July 31, with Porat remaining as CFO until then. Ashkenazi's tenure at Eli Lilly saw the launch of several successful treatments and a significant increase in the company's share price. Alphabet's shares rose 0.8% in premarket trading following the announcement, while Eli Lilly's shares dipped 0.3%.

Key takeaways:

  • Anat Ashkenazi has been appointed as the new Chief Financial Officer of Alphabet Inc., replacing Ruth Porat.
  • Ashkenazi brings over two decades of experience from Eli Lilly, where she held key positions including finance chief and controller of Lilly Research Laboratories.
  • The appointment comes as Alphabet Inc. is heavily investing in AI technologies to stay competitive in the tech industry.
  • Ashkenazi's appointment will take effect on July 31, with Porat remaining as CFO until then.
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