Alphabet, the parent company of Google, has appointed Anat Ashkenazi as the new Chief Financial Officer (CFO). Ashkenazi will receive a signing bonus of $9.9 million and an annual base salary of $1 million, as announced by the company in a filing with the US Securities and Exchange Commission (SEC).
In addition to the signing bonus, Ashkenazi will receive a one-time stock package valued at $13.1 million in the form of Restricted Stock Units (RSUs). This grant serves as compensation for the loss of benefits she had at her previous employer, Eli Lilly. Ashkenazi has been CFO at Eli Lilly since 2021.
Ashkenazi is also entitled to an annual bonus of up to 200 percent of their base salary as well as time- and performance-based stock compensation.
She succeeds Ruth Porat, who was appointed President and Chief Investment Officer last year, but continued to serve as Chief Financial Officer until a successor was found. Porat had received a compensation package worth $70 million when she transitioned from Morgan Stanley to Google in 2015.
Ashkenazi assumes her new position at a time when Alphabet is both cutting costs and making massive investments in Artificial Intelligence (AI).
Analysts observing Eli Lilly praised Ashkenazi's previous success in prioritizing research and development spending while managing investor expectations regarding financial results. At Alphabet, she will face similar challenges, as she will need to allocate capital across competing projects and business units, according to the analysts.
