Does the Google CFO have a new job after 8 years?
Ruth Porat, whose eight-year tenure as Alphabet, Google’s chief financial officer, is reportedly set to appoint a new top management job soon.
Alphabet said that in just over a month, Porat, who served as CFO, will serve as president and chief investment officer. Porat has served as chief financial officer for eight years. Her new chief information officer role will begin in early September, and she will report directly to CEO Sundar Pichai, as she already does, according to the company.
“I think the bottom line is that I’ve been the CFO here for eight years, the longest tenured CFO at the firm — and before that, I was a Morgan Stanley for six years,” Porat said, “so 14 years has been a long time, and I think now is the perfect time to take on a set of different challenges and discuss the needs of the new role with Sundar .”
She will prioritize leading Alphabet’s investments globally as the company’s chief information officer and manage investments in the company’s “other bets” division, the company said. Her other responsibilities include discussing a range of issues related to Alphabet with regulators and policymakers.
She went on to say that the role of CIO “is just right for what I like to do,” adding that she has “engaged with policy makers” for years, “which is something I’ve spent a lot of time on Wall Street doing.”