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Alphabet, Google's parent company, announced the appointment of Israeli Anat Ashkenazi as the new CFO, replacing Ruth Porat, who announced last year that she would retire from the position.
Ashkenazi, 51 years old, served until now as the CFO and vice president of the American pharmaceutical manufacturer Eli Lilly, where she worked for more than 23 years.
Ashkenazi will officially take office on July 31, and until that time Porat will continue to serve in the position, including during the publication of the company's second quarter financial reports, Alphabet said in the announcement.
Eli Lilly announced Ashkenazi's retirement earlier today. "On behalf of our board, leadership team and employees, I would like to thank Anat for 23 years of exceptional service to our company," Eli Lilly Chairman and CEO David Ricks said in a statement.
"During the last three years as CFO, we experienced tremendous growth that laid the foundations to help us reach even more patients with our medicines. I would like to personally thank Anat for her partnership, friendship and leadership in our financial organization and wish her success in her new role."
During Ashkenazi's time as Eli Lilly's CFO, the company's stock rose by about 300%, while the pharmaceutical company's market value jumped to $791 billion. At the same time, Eli Lilly also launched Mounjaro and Zepbound, Medicines for the treatment of diabetes and obesity whose popularity has made it the largest pharmaceutical company in the world in terms of market capitalization.