‘Most powerful woman on Wall Street’ becomes Google’s CFO

PanARMENIAN.Net - Former Morgan Stanley CFO Ruth Porat is Google's new CFO, replacing Patrick Pichette, who announced his retirement on March 10, the Business Insider reports.

Porat first joined Morgan Stanley in 1987, filling a number of different roles before becoming CFO in January 2010. She's been called "the most powerful woman on Wall Street."

She will take the reins as Google's new CFO on May 26 and will report directly to CEO Larry Page.

“We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” said Page. “I look forward to learning from Ruth as we continue to innovate in our core--from search and ads, to Android, Chrome and YouTube--as well as invest in a thoughtful, disciplined way in our next generation of big bets. Finally, huge thanks to Patrick Pichette for his seven super successful years as CFO”.

"I’m delighted to be returning to my California roots and joining Google,” said Ruth Porat. “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 firsthand how tech companies can help people in their daily lives. I can’t wait to roll up my sleeves and get started.”