Eli Lilly’s Ashkenazi Becomes Alphabet’s CFO


Eli Lilly's Ashkenazi Becomes Alphabet's CFO

Eli Lilly: Alphabet Names New CFO

Eli Lilly's Ashkenazi Becomes Alphabet's CFO

Alphabet Appoints Eli Lilly’s Ashkenazi as New CFO

Alphabet, the parent company of Google, has appointed Anat Ashkenazi as its new Chief Financial Officer (CFO). Ashkenazi, a seasoned executive with two decades of experience at Eli Lilly, will officially take on her new role on July 31. In addition to her CFO duties, she will also serve as a Senior Vice President at both Google and Alphabet.

Background and Transition

In July 2023, Alphabet announced that its current CFO, Ruth Porat, would transition to a new role as President and Chief Investment Officer. Porat will continue in her current position until Ashkenazi steps in, ensuring a smooth transition through the company’s second-quarter earnings report.

Earlier this week, Eli Lilly confirmed that Ashkenazi would be stepping down from her role as CFO. David A. Ricks, Lilly’s chair and CEO, expressed gratitude for Ashkenazi’s 23 years of service. “During her last three years as CFO, we have experienced tremendous growth and laid the groundwork to help us reach even more patients with our medicines. I want to personally thank Anat for her partnership, friendship, and leadership of our financial organization and to wish her well in her new role,” Ricks stated.

Eli Lilly's Ashkenazi Becomes Alphabet's CFO

Key Points

  • Alphabet’s New CFO: Anat Ashkenazi brings 20 years of experience from Eli Lilly.
  • Transition Date: Ashkenazi will start on July 31, 2023.
  • Ruth Porat’s New Role: Porat will become President and Chief Investment Officer.
  • Smooth Transition: Porat to remain CFO until Ashkenazi assumes her role.

Ashkenazi’s Experience at Eli Lilly

Anat Ashkenazi has had a distinguished career at Eli Lilly, where she held various leadership positions over two decades. Her expertise spans finance, strategy, and operations. She has been instrumental in driving the company’s financial success and growth.

  • Financial Leadership: As CFO, Ashkenazi managed financial operations and strategy, contributing to significant revenue growth.
  • Strategic Planning: Led strategic initiatives that expanded Eli Lilly’s market reach and operational efficiency.
  • Operational Excellence: Improved financial processes and systems, enhancing overall productivity and profitability.

Impact on Alphabet

Ashkenazi’s appointment is expected to bring fresh perspectives and enhance Alphabet’s financial strategies. Her extensive experience in the pharmaceutical industry will provide unique insights into managing a large, diverse organization.

  • Financial Strategy: Leveraging her background to refine and implement robust financial strategies.
  • Operational Efficiency: Improving financial processes and systems within Alphabet.
  • Growth Initiatives: Contributing to the company’s expansion and market presence.
Eli Lilly's Ashkenazi Becomes Alphabet's CFO

Quotes and Reactions

David A. Ricks, Lilly’s chair and CEO, praised Ashkenazi’s contributions: “Anat has been a pivotal part of our growth journey. Her leadership and financial acumen have set a strong foundation for our future.”

Ruth Porat also expressed confidence in Ashkenazi: “I am excited to welcome Anat to Alphabet. Her expertise and leadership will be invaluable as we continue to grow and innovate.”

Key Takeaways

  • Alphabet appoints Eli Lilly’s Anat Ashkenazi as CFO, effective July 31.
  • Ruth Porat transitions to President and Chief Investment Officer.
  • Ashkenazi’s extensive experience in finance and strategy is expected to benefit Alphabet significantly.
Eli Lilly's Ashkenazi Becomes Alphabet's CFO

Table: Comparison of Current and Incoming CFOs

AspectRuth PoratAnat Ashkenazi
Current PositionCFO, AlphabetCFO, Eli Lilly
New RolePresident and Chief Investment OfficerCFO, Alphabet
Start DateN/AJuly 31, 2023
ExperienceFinance, Investment ManagementFinance, Strategy, Operations
ContributionsFinancial growth and stabilitySignificant revenue growth, strategic planning

FAQ

Q: When will Anat Ashkenazi start her role at Alphabet?
A: She will start on July 31, 2023.

Q: What will Ruth Porat’s new role be?
A: Ruth Porat will transition to the role of President and Chief Investment Officer at Alphabet.

Q: How long has Ashkenazi been at Eli Lilly?
A: Anat Ashkenazi has spent 23 years at Eli Lilly.

Q: What are Ashkenazi’s key achievements at Eli Lilly?
A: She has driven significant revenue growth, led strategic initiatives, and improved financial processes.

Contact Information

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