Alphabet taps Eli Lilly's Anat Ashkenazi as new CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2024
0mins
Source: CNBC
- Alphabet's New CFO: Eli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, succeeding Ruth Porat who is moving to a new role.
- Ashkenazi's Background: Ashkenazi has had a 23-year career at Eli Lilly and has been the CFO since 2021, focusing on long-term investments for innovation and growth.
- Porat's Career: Ruth Porat, the current CFO, had a successful career as an investment banker at Morgan Stanley before joining Google in 2015, contributing to its growth and value.
- Leadership Shuffle: The leadership shuffle was announced in 2023, with Porat stepping down, leading to a search process for a new CFO.
- Other Changes at Google: Google's finance unit has been undergoing restructuring to prioritize investments in AI, impacting teams worldwide.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 386.120
Low
255.00
Averages
336.08
High
400.00
Current: 386.120
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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