Google revealed Tuesday that Morgan Stanley CFO Ruth Porat will take on the role of CFO for the Mountain View, Calif., company. The announcements were made about two weeks after its CFO of seven years said he would step down.
Patrick Pichette informed Google of his intention to retire earlier this month, but said he would remain in the position until a replacement was found. The news was made public in a Securities & Exchange Commissions filing.
"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," said Google cofounder Larry Page in a prepared statement.
In 2013, Porat, now 57, nearly left Morgan Stanley for government, but withdrew her name early in the process as a candidate for deputy Treasury secretary, according to people familiar with her plans.
Porat has served a number of roles at Morgan Stanley since 1987, including vice chairman of investment banking, global head of the financial institutions group, and co-head of technology investment banking. She took the lead on numerous technology financing rounds, advising investments for companies like Amazon, eBay, Netscape, Priceline and Verisign, as well as for The Blackstone Group, GE and the NYSE. Her role as CFO and executive VP of Morgan Stanley began January 2010.