Two weeks after news emerged that Google’s chief financial officer (CFO) Patrick Pichette was planning to retire from the company after seven years, the Internet giant has revealed that former Morgan Stanley CFO Ruth Porat will be taking up the role on May 26.
Pichette had informed Google of his intentions to retire on March 4, though it was noted he would remain in position until a replacement was found. And it seems that search is over.
Google has made fairly quick work of its search for a replacement, having managed to poach Porat — who joined Morgan Stanley in 1987 — in the two weeks since Pichette’s announcement.
Porat has served a number of roles at Morgan Stanley over the past three decades, including vice chairman of investment banking, global head of the financial institutions group, and co-head of technology investment banking. She has served as CFO and executive VP of Morgan Stanley since January 2010, and has been considered “the most senior woman on Wall Street.”
“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,” said Porat. “I can’t wait to roll up my sleeves and get started.”