Anat Ashkenazi has recently been announced as the newest Chief Financial Officer (CFO) of Alphabet, Inc. and Google. This move marks a significant transition for Ashkenazi, who previously held a senior role at Eli Lilly, a major pharmaceutical company. She is a brilliant financial strategist with a proven track record of success in the industry.
Announcing her departure from the pharmaceutical company, CEO David A. Ricks said, “During her (Anat Ashkenazi) last three years as Lilly’s CFO, we have experienced tremendous growth and laid the groundwork to help us reach even more patients with our medicines. I want to personally thank Anat for her partnership, friendship, and leadership of our financial organization and to wish her well in her new role.”
Ashkenazi was with Eli Lilly for a little over two decades.
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Who Is Anat Ashkenazi?
Anat Ashkenazi is an exceptional financial executive known for her experience in the pharmaceutical industry. She built a remarkable career over two decades, primarily at Eli Lilly. She was crucial to the company’s financial growth and operational success.
Anat Ashkenazi Net Worth
On joining Alphabet, Anat Ashkenaz received a $9.9 million signing bonus and an equity grant valued at $13.1 million. According to the Wall Street Journal, her annual salary is set at $1 million, with the potential for annual bonuses of up to 200% of her base salary.
Her compensation at Eli Lilly was also impressive, with earnings of $7.5 million in 2023.
Anat Ashkenazi’s net worth is estimated to be in the range of $30-40 million when we factor in her accumulated earnings.
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Education
Anat Ashkenazi earned her bachelor’s degree in finance and economics from the Hebrew University of Jerusalem. She then pursued an MBA from Tel Aviv University.
Career
Ashkenazi began her career in financial services at Maalot Standard & Poor’s and Bank Hapoalim in Israel. In 2001, she joined Eli Lilly, where she steadily climbed the corporate ladder. Over 23 years, she held various roles in strategy, finance, and operations.
At Eli Lilly, she served as the Senior Vice President and CFO of Lilly Research Laboratories, overseeing the company’s financial operations in several global sectors, including manufacturing and research and development.
She also led the corporate strategic planning team. During her tenure as CFO, Eli Lilly experienced significant growth, largely driven by the success of its GLP-1 drugs, Mounjaro and Zepbound.
In Q1 2024, Mounjaro generated $1.8 billion in revenue, while Zepbound brought in $517.4 million. This financial performance helped increase Eli Lilly’s market cap to over $800 billion.
Her strategic leadership and financial expertise were instrumental in Eli Lilly’s revenue rising by 26% to $8.7 billion in the first quarter of 2024, and net income increasing by 67% to $2.2 billion.
In June 2024, it was announced that Anat Ashkenazi was leaving Eli Lilly to assume the position of CFO at Google. She will oversee the operations of Google and its parent company Alphabet Inc.
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Latest Updates
Anat Ashkenazi’s move to Alphabet happened when the tech giant’s stock value was at a record high of $179.54. Google is also investing heavily in artificial intelligence (AI).
As the new CFO, Ashkenazi will work from the Bay Area and answer to Sundar Pichai who is the CEO of both Alphabet and Google.
In a statement regarding Ashkenazi’s hiring, Sundar Pichai said, “The AI era is giving us an incredible opportunity to innovate at scale across our core products. I look forward to working with Anat as we invest responsibly to support our next wave of growth.”
She will succeed Ruth Porat, the former CFO. Porat is appointed the new President and Chief Investment Officer for Alphabet and Google. She will join the company on July 31, 2024.
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FREQUENTLY ASKED QUESTIONS
Who is the CFO of Eli Lilly and Company?
Anat Ashkenazi served as the CFO of the pharmaceutical company, Eli and Lilly. Ashkenazi has stepped down from her role and will join Google in July 2024. She worked at Eli and Lilly for over 23 years.
Is Anat Ashkenazi joining Google?
Yes, Anat Ashkenazi is joining Google. She has stepped down from her role as the Chief Financial Officer (CFO) of Eli and Lilly, a pharmaceutical corporation. She will assume the role of Alphabet’s and Google’s CFO in July 2024.
