Google Parent Alphabet Appoints Eli Lilly's Finance Chief Ashkenazi As CFO
Portfolio Pulse from Vandana Singh
Alphabet Inc. has appointed Eli Lilly's CFO, Anat Ashkenazi, as its new CFO, effective July 31, 2024. Ashkenazi will continue her role at Eli Lilly until then. This transition follows Ruth Porat's move to President & Chief Investment Officer of Alphabet and Google. Alphabet's finance unit has been undergoing significant changes, including a restructuring to prioritize AI investments.
June 05, 2024 | 2:11 pm
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Eli Lilly's CFO, Anat Ashkenazi, has resigned to join Alphabet as CFO, effective July 31, 2024. An internal and external search for her successor is underway.
While the resignation of a long-serving CFO could create some uncertainty, the fact that Ashkenazi will remain in her role until July 2024 and the ongoing search for a successor may mitigate immediate negative impacts on Eli Lilly's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. has appointed Anat Ashkenazi as its new CFO, effective July 31, 2024. This follows Ruth Porat's transition to President & Chief Investment Officer. The finance unit has been undergoing significant changes, including a restructuring to prioritize AI investments.
The appointment of a new CFO with a strong track record is likely to be seen positively by investors, especially given the ongoing restructuring to prioritize AI investments. This could lead to a short-term positive impact on Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100