Finance
Alphabet appoints Eli Lilly’s Anat Ashkenazi as its new CFO
A view of Google’s headquarters in Mountain View, California, United States on April 16, 2024.
Tayfun Coskun | Anadolu | Getty Images
Eli Lilly Chief Financial Officer Anat Ashkenazi Alphabet New CFO effective July 31, Google’s parent company said on Tuesday, almost a year after Alphabet announced that current CFO Ruth Porat would take on a new role as president and Chief Investment Officer.
Ashkenazi had a 23-year career with Eli Lilly, which confirmed her departure in a year separate edition.
“We are very pleased to have found such a strong CFO, with a track record of strategic focus on long-term investments to drive innovation and growth,” Alphabet CEO Sundar Pichai said in a press release. Edition.
Ashkenazi joined Eli Lilly in 2001 and has been CFO since 2021. She will remain a member of the pharmaceutical company’s executive committee until her departure. Previously, she served as CFO for several of the company’s global businesses, where she helped manage the windfall from Eli Lilly’s weight-loss and diabetes drugs.
Porat had a nearly three-decade career as an investment banker at Morgan Stanley, culminating in CFO, before joining Google in 2015. She helped Google become one of the most valuable companies in the world. The company has recently faced threats ranging from the artificial intelligence race to antitrust investigations.
The leadership shuffle has been a long time in the making. Google announced in 2023 that Porat would resign and has since been looking for her successor.
Google’s finance department has also seen other changes in recent months. Porat announced earlier this year that Google was restructuring its finance department as the company pushed to invest in AI, CNBC previously reported, with layoffs and relocations impacting teams around the world.
Google’s “old guard” has experienced shifts that go beyond Porat, CNBC has previously detailed. YouTube CEO Susan Wojcicki, former Chief Business Officer Robert Kyncl and widely respected AI authority Geoffrey Hinton are among those who have left or announced their departures since 2023.
Disclosure: Anat Ashkenazi is a member of CNBC’s CFO Council.
– CNBC’s Jenn Elias and Annika Kim Constantino contributed to this report.
