Google has announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will join its management team as CFO.
After joining Morgan Stanley in 1987, Porat has played several key roles at the company, including Vice Chairman of Investment Banking, Global Head of the Financial Institutions Group and and co-Head of Technology Investment Banking.
Porat will start at Google as CFO on May 26, reporting to Google CEO and Co-Founder, Larry Page.
“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” Page says.
“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.
"Finally, huge thanks to Patrick Pichette for his seven super successful years as CFO."
Throughout the financial crisis, Porat led the Morgan Stanley teams advising the U.S. Treasury on Fannie Mae and Freddie Mac, and the New York Federal Reserve Bank on AIG.
Furthermore, Porat has been the lead banker on numerous milestone technology financing rounds, including for Amazon, eBay, Netscape, Priceline and Verisign as well as for The Blackstone Group, GE and the NYSE.
"I’m delighted to be returning to my California roots and joining Google,” Porat adds.
“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."