Strategy & Operations » Leadership & Management » Google’s search for CFO ends with banker hire

Google's search for CFO ends with banker hire

Morgan Stanley's Ruth Porat to join Google as CFO

BANKING EXPERT Ruth Porat has joined Google as its CFO. Porat, currently CFO at Morgan Stanley, joins the digital giant on 26 May.

A Morgan Stanley veteran, Porat joined the investment bank in 1987 and led its teams on advising the US Treasury over the fates of government-backed mortgage securities businesses Fannie Mae and Freddie Mac .

Her technology experience comes from serving as lead banker on a number of technology financing rounds, including Amazon, eBay, Netscape, Priceline and Verisign.

She is vice chair of the Stanford University Board of Trustees, a member of the US Treasury’s Borrowing Advisory Committee, a board director at The Council on Foreign Relations and a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.

She will take over from Patrick Pichette – who gained some notoriety in recent weeks for his colourful leaving letter.

“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” said Google CEO 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.”

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