Google (Photo : YouTube)
USD 400 billion company and online search leader has appointed Ruth Porat, finance chief of Wall Street's famous bank Morgan Stanley as the new Google CFO.
Porat is one of the most influential contemporary women finance honchos. She will end a 28-year old bond with Morgan Stanley on April 30.
Both Google and Morgan Stanley have been among the top in their respective industries.
The Mountain View firm boasts an impressive portfolio of popular services, such as Gmail, Chrome browser, and online search leader, Google Search. It also backs one of the best mobile software platforms, the Android.
Morgan Stanley, on the other hand, boasts of a reputation of surfacing again on the financial radar after the Great Recession of 2007-08.
Porat was born in England, but she studied in Stanford. She is an economics and international relations graduate from the prestigious university.
Meanwhile, Google seems to be in high spirits after appointing a woman in one of its most important positions.
"We're tremendously fortunate to have found such a creative, experienced and operationally strong executive," Larry Page, Google's CEO, said on Tuesday morning.
Morgan Stanley is contemplative. The New York Investment Bank's CEO James Gorman believes it is an opportune moment for Porat to shift to a new career-role.
"I respect her decision that now is the right time to make a change in her career, and I am excited for Ruth in her next chapter," Gorman added.
The CFO position was vacant after the former Google honcho Patrick Pichette announced his retirement plans in March.
Porat will have the responsibility to bring the touch of success to the world's most valued search brand, especially when it is foraying into new finance-oriented services, including the recently announced Pony Exchange in the e-billing domain.
Google also has Google Wallet that is into online money transfer.
Porat has a history of managing numerous important assignments in respected companies, including Amazon, eBay, Netscape and Priceline, according to Forbes.
In a statement Tuesday morning, Porat said, "I'm delighted to be returning to my California roots and joining Google.
