By Illustration: The Verge
Alphabet, the parent company of Google, is promoting chief financial officer Ruth Porat into a new role, according to a press release about Alphabet’s Q2 earnings. As part of the newly created role of president and chief investment officer of Alphabet and Google, Porat will oversee Alphabet’s “Other Bets” investments and work more closely with policymakers and regulators.
The new role will be effective on September 1st, 2023, and the company will search for a successor as the CFO of Google and Alphabet. Porat will still report to CEO Sundar Pichai.
Porat’s promotion comes at an important time for Alphabet / Google. Policymakers around the world are working on potential regulations over artificial intelligence, and it seems likely that…