Google has found its new CFO.
Ruth Porat, who currently serves as Chief Financial Officer for Morgan Stanley, will be joining Google on May 26. She'll replace outgoing CFO Patrick Pichette, who announced his retirement earlier this month.
“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” said Larry Page. “I look forward to learning from Ruth as we continue to innovate in our core--from search and ads, to Android, Chrome and YouTube--as well as invest in a thoughtful, disciplined way in our next generation of big bets. Finally, huge thanks to Patrick Pichette for his seven super successful years as CFO”.
Porat has been with Morgan Stanley since 1987, and "has played several key roles at the company, including Vice Chairman of Investment Banking, Global Head of the Financial Institutions Group and and co-Head of Technology Investment Banking." She once placed on Forbes' list of the top 100 Power Women, and is considered one of if not the most powerful woman on Wall Street.
"I’m delighted to be returning to my California roots and joining Google,” said Ruth Porat. “Growing up in Silicon Valley, during my time at Morgan Stanley and as a member of Stanford’s Board, I’ve had the opportunity to experience first hand how tech companies can help people in their daily lives. I can’t wait to roll up my sleeves and get started.”
Image via Brookings Institution, YouTube