A view of Google headquarters in Mountain View, California, United States on April 16, 2024.

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Eli Lilly Chief Financial Officer will be Anat Ashkenazi. of the alphabet The new CFO will be effective July 31, Google’s parent company announced Tuesday, nearly a year after Alphabet first announced that current CFO Ruth Porat would move to a new role as president and chief investment officer.

Ashkenazi had a 23-year career at Eli Lilly, including one Separate release confirmed his departure.

“We are delighted to have such a strong CFO, with a track record of strategic focus on long-term investments to drive innovation and growth,” Alphabet CEO Sundar Pichai said in a statement. release.

Ashkenazi joined Eli Lilly in 2001 and has been CFO since 2021. She will continue to serve on the pharmaceutical company’s executive committee until her departure. She previously served as CFO for several of the company’s global business areas, helping manage revenue from Eli Lilly’s weight loss and diabetes drugs.

Porat had a nearly three-decade career as an investment banker at Morgan Stanley, culminating as its CFO, before joining Google in 2015. It helped Google become one of the most valuable companies in the world, a position the company has recently rivaled. Threats from the race to artificial intelligence to antitrust investigations.

The change of leadership has been going on for a long time. Google first announced in 2023 that Porat would step down and the search process has been ongoing ever since.

Google’s finance unit has also been dealing with other changes in recent months. Porat announced earlier this year that Google was restructuring its finance unit as the company pushed to invest in AI, with layoffs and relocations around the world, CNBC previously reported. Teams will be affected.

Other top executives at the firm include Chief Business Officer Philip Schindler, Google Search chief Prabhakar Raghavan and Google Cloud CEO Thomas Koren.

Google’s “old guard” has experienced changes beyond just port, CNBC previously detailed. YouTube CEO Susan Wojcicki, former chief business officer Robert Kunkel and widely respected AI authority Geoffrey Hinton are among those who have left or announced their departures by 2023.

Shares of Google rose slightly in premarket trading on Tuesday.

— CNBC’s Gene Elias and Annika Kim Constantino contributed to this report.

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