Google Names Morgan Stanley's Ruth Porat CFO
One of the most powerful women on Wall Street, she will succeed Patrick Pichette, who recently announced his retirement.
Online giant Google said Tuesday that it has named Ruth Porat, currently CFO at Morgan Stanley, to the post of CFO starting in May.
Porat, one of the most powerful women on Wall Street, will succeed Patrick Pichette, who recently announced his retirement. Reporting to Google CEO and co-founder Larry Page, she will start on May 26.
"I’m delighted to be returning to my California roots and joining Google," said Porat. "Growing up in Silicon Valley, during my time at Morgan Stanley and as a member of Stanford’s board, I've had the opportunity to experience first-hand how tech companies can help people in their daily lives. I can't wait to roll up my sleeves and get started."
Porat joined Morgan Stanley in 1987 and has held key roles at the company, including that of vice chairman of investment banking, global head of the financial institutions group and co-head of technology investment banking. She was the lead banker on some big technology financing rounds, including for Amazon and eBay.
She holds a bachelor's degree in economics and international relations from Stanford University, an MBA from The Wharton School of the University of Pennsylvania and an M.S. in industrial relations from the London School of Economics.
“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” said 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."