Google Looks to Wall Street for CFO as Costs, Cash Grow
Is Ruth Porat Going to `Blue Chipize’ Google?
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Google Inc. is turning to Wall Street for its next chief financial officer as the technology giant grapples with rising costs, a growing pile of cash and a need for fiscal discipline as it invests in new industries.
Ruth Porat, 57, will leave Morgan Stanley in April after more than 25 years there, the New York-based company said Tuesday in a memo to employees. Jonathan Pruzan, 46, Morgan Stanley’s co-head of global financial-institutions banking, will become the company’s new finance chief.