Google announced today that it is getting a new Chief Financial Officer (CFO). Ruth Porat is headed to California to become Google’s CFO. She was CFO at Morgan Stanley.
Porat grew up in Cambridge, MA and Silicon Valley. She studied at Stanford before heading out to study in London and Wharton. She joined Morgan Stanley in 1987 and has worked at the firm for most of the time save for a short stint at Smith Barney.
Porat has maintained her ties to the bay area and Stanford. She is Vice Chair of the Stanford University Board of Trustees. Porat’s father worked at Stanford’s SLAC National Accelerator Laboratory for 26 years and retired in 1988. Her mother worked as a psychologist.
Earlier this month Patrick Pichette announced that he was retiring as Google’s CFO and wrote a letter about why he arrived at the decision. And Pichette’s departure is a big deal points out Re/Code. He joined Google in 2008.
In an interview with Politico last year she talked about her journey in Wall Street. She is often known as the most powerful woman on Wall Street, and now she is set to become a powerful woman in Silicon Valley.