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Alphabet Inc. announced on Wednesday Anat Ashkenazi As the new chief financial officer, he will oversee Alphabet and Google’s businesses.
The former Eli Lilly executive received a $9.9 million signing bonus when he signed with the tech giant, plus $13.1 million in stock grants in the form of restricted stock units and a $1 million annual salary, according to a Wall Street Journal report, and was also eligible for an annual bonus of up to 200% of his base salary.
Ashkenazi will remain as executive vice president and CFO at the pharmaceutical company until the end of July before assuming his new role at Google. A search is underway for his successor at Eli Lilly, where he has worked for more than two decades. As Business Insider previously reported,.
According to her biography, Ashkenazi graduated from the Hebrew University of Jerusalem, where she earned a bachelor’s degree in finance and economics, and then earned an MBA from Tel Aviv University.
Prior to joining Eli Lilly in 2001, he worked in financial services at Ma’alot Standard & Poor’s and Bank Hapoalim in Israel.
Even more notable is that the past 23 years of her career have been spent in a variety of roles at Eli Lilly, including strategy, finance and most recently as senior vice president, controller and CFO of Lilly Research Laboratories.
As senior vice president, she served as CFO for several of the company’s global divisions, including manufacturing, research and development, and oversaw the corporate strategic planning team.
During Ashkenazi’s tenure, Eli Lilly achieved a market capitalization of more than $800 billion, thanks in large part to the company’s two new products. Maunjaro and ZepboundA popular antidiabetic drug for weight loss and treating type 2 diabetes.
Her move to Google comes at a time when the tech giant is investing heavily in artificial intelligence. Alphabet’s stock hit an all-time high of $179.54 per share on May 21.
“She was a strong candidate to fill a void at Alphabet at a critical time of growth and the company’s AI revolution,” Dan Ives, managing partner at Wedbush Securities, told Business Insider. “She has a strong reputation and great CFO experience. It was the right hire at the right time.”
In her new role at Google, Ashkenazi succeeds Ruth Porat, who served as CFO before being named chief investment officer last year.
Representatives for Google and Eli Lilly did not immediately respond to Business Insider’s request for comment.