October 4, 2024
Ruth Porat | Fortune
 #CashNews.co

Ruth Porat | Fortune #CashNews.co

Cash News

After nine years as Alphabet CFO, Ruth Porat transitioned to a new role in 2023: president and chief investment officer. (She continued as CFO concurrently until July of this year, when Anat Ashkenazi was announced as her successor.) Since joining Google’s parent company in 2015, Porat has been seen as a key player in its huge growth, and this year’s numbers tell a similarly positive story: Revenue is up almost 9% to $307 billion, and in April Alphabet announced its first ever cash dividend. However, this win hasn’t come easily. The company has done several rounds of layoffs this year and has undergone a restructuring to allow for a deeper focus on AI initiatives. Porat regularly engages with policymakers and regulators: Alongside the governor of Virginia, for example, Porat announced a $1 billion investment in U.S. internet infrastructure. She is also in charge of the company’s investment vehicles, including its capital arms GV and CapitalG.

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