Alphabet CFO Ruth Porat leaving role to become president and chief investment officer

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Ruth Porat, Alphabet CFO, astatine the WEF successful Davos, Switzerland connected May 23rd, 2022. 

Adam Galica | CNBC

Ruth Porat volition measurement down arsenic Alphabet's main fiscal serviceman and instrumentality a caller relation arsenic president and main concern officer, the institution announced connected Tuesday.

She took implicit arsenic CFO for Google successful 2015 and oversaw the modulation into the company's existent Alphabet structure.

She volition proceed arsenic CFO until Alphabet selects a replacement, and volition proceed to study to CEO Sundar Pichai, the institution said.

Her caller relation includes overseeing Alphabet's "other bets," which the institution categorizes arsenic projects not focused connected bundle oregon advertising, specified arsenic the self-driving car institution Waymo. She volition besides talk with lawmakers, Alphabet said.

"In her caller role, Ruth volition fortify our collaboration with argumentation makers and signifier our firm investments to person maximum economical interaction for radical and economies astir the world," Alphabet CEO Sundar Pichai said successful a statement.

Before joining Google, Porat was an enforcement astatine Morgan Stanley.

Google reported second-quarter net connected Tuesday, which bushed expert expectations for some net and revenue. Shares roseate implicit 5% successful extended trading.

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