Alphabet and Google CFO Ruth Porat has been promoted to president

Alphabet and Google CFO Ruth Porat

Gettyimages 1044410022 E1690316988323 Smaart Company Accounting, Tax, &Amp; Insurance Services Smaart Company Accounting, Tax, &Amp; Insurance Services

[Hotlink]the alphabet[/Hotlink] And Google’s Ruth Porat, the company’s longest-serving CFO, is taking on a new role overseeing the company’s “other bets” portfolio, which includes Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X, according to the company’s second-quarter earnings report released Tuesday.

The company announced that Ruth Porat, CFO since 2015, will assume the newly created position of “President and Chief Investment Officer of Alphabet and Google” effective September 1, 2023. She said she will continue to “work closely with [CEO] Sundar [Pichai]and the company’s investments in countries and communities around the world.

“I am excited about this new role and the opportunity to engage with leaders globally to unlock economic growth through technology and investment,” Roth said in the statement. “I am committed to Google’s continued growth and ensuring that our diverse global investments are supported by a strong partnership to create opportunity for people and communities everywhere.”

In the meantime, she will continue to serve as CFO, “leading the company’s operations in 2024 and long-term capital planning, while the company searches for and selects its successor.”

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