Career of Anat Ashkenazi, former Eli Lilly executive turned Google CFO
What specific roles did Anat Ashkenazi hold at Eli Lilly before being appointed as the CFO of Alphabet, Inc.?
Anat Ashkenazi held a range of roles at Eli Lilly before being appointed as the CFO of Alphabet, Inc. These roles spanned across strategy, finance, and Six Sigma. Most recently, she served as senior vice president, controller, and CFO of Lilly Research Laboratories1. In this role, she oversaw the CFOs of the company's commercial businesses, as well as those for research and development, manufacturing and quality, and G&A functions. She also led the corporate strategic planning team, business transformation office, and served as CFO for several of the company's global business areas. Prior to joining Lilly, she worked in financial services at Ma'alot Standard & Poor's and at Ha'poalim Bank in Israel.
What are the details of the compensation package that Anat Ashkenazi will receive as the new CFO of Alphabet, Inc.?
Anat Ashkenazi, the new Chief Financial Officer (CFO) for Google and its parent company Alphabet, Inc., is set to receive a substantial compensation package. This includes a signing bonus of $9.9 million, an annual base salary of $1 million, and an equity grant worth $13.1 million in the form of restricted stock units. Additionally, she will be eligible for annual bonuses up to 200% of her base salary, as well as new hire time-based equity and new hire performance-based equity. This package is designed to compensate her for the forfeiture of her compensation from her previous employer, Eli Lilly.
When is Anat Ashkenazi scheduled to begin her role at Alphabet, Inc., and who will she succeed as CFO?
Anat Ashkenazi is scheduled to begin her role as Chief Financial Officer (CFO) at Alphabet, Inc. on July 31, 2024. She will succeed Ruth Porat, who transitioned to a new role as President and Chief Investment Officer almost a year ago. Ashkenazi brings with her a wealth of experience from her 23-year tenure at Eli Lilly, where she has held various roles, including CFO since 2021.