Alphabet has appointed Anat Ashkenazi, director of Eli Lilly & Co., as its new chief financial officer, replacing Ruth Porat, who announced her intention to step down last year.
Ashkenazi, 51, has served as CFO and executive vice president at the drugmaker, where she worked for more than 23 years, Alphabet said in a filing Wednesday morning. Her new position will take effect on July 31.
Porat, 66, who took over as Google’s CFO in 2015, oversaw the search giant’s transition to its current structure under Alphabet and has taken on a new role at the company as president and chief investment officer. As the company’s longest-serving CFO, she famously ushered in a period of greater fiscal discipline at Alphabet, oversaw the growth of its cloud computing unit, which became profitable last year, and YouTube, now the most popular streaming service on television .
