Alphabet, Google’s parent company, announced Anat Ashkenazi as its new chief financial officer (CFO), succeeding Ruth Porat. Ashkenazi, previously with Eli Lilly, joins at a pivotal moment as Alphabet invests heavily in AI to compete with industry leaders. Under Ashkenazi’s leadership, Lilly saw significant growth with the launch of key drugs. Analysts anticipate her role at Alphabet to focus on strategic AI investments to drive growth. Ashkenazi will assume the CFO role on July 31, with Porat continuing until then. Alphabet’s recent strong earnings underscore the importance of AI integrations in driving demand, despite concerns over rising development costs.
Alphabet Appoints Anat Ashkenazi as CFO
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