Ruth Porat to join Google as CFO
Google announced Tuesday that Morgan Stanley CFO Ruth Porat will join the search engine giant's management team as CFO.
Porat, 57, joined Morgan Stanley in 1987 and has played several key roles at the company, including vice chairman of investment banking, global head of the financial institutions group and co-head of technology investment banking before she became CFO in 2009.
Porat's appointment comes two weeks after Google announced long-time CFO Patrick Pichette is retiring.
Porat will assume her new role on May 26, reporting to Google CEO and co-founder, Larry Page.
“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” Larry Page said in a statement.
“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”.