Anat Ashkenazi, former CFO of Eli Lilly, has resigned to join Alphabet Inc. as the new CFO and Senior Vice President.

Her appointment is effective July 31, 2024.

Ruth Porat will transition to a new role as President & Chief Investment Officer of Alphabet and Google.

Ashkenazi's hiring aligns with Alphabet's focus on investing in AI technologies.

Google's stock has increased by 24% in 2024, reflecting investor confidence.

Ashkenazi will remain at Eli Lilly until July 2024, with a search for her successor already underway.