Lilly Initiates Search for New CFO Following Anat Ashkenazi’s Departure to Alphabet

1. Anat Ashkenazi Departs Lilly: Ashkenazi, the current CFO of Eli Lilly, is leaving the company to take on the role of CFO and senior vice president at Alphabet, the parent company of Google.
2. New Role at Alphabet: Ashkenazi will replace Ruth Porat, who will become president and chief investment officer at Alphabet.
3. Lilly's Search for New CFO: Lilly is conducting an internal and external search for a new CFO to replace Ashkenazi, who will continue to serve on the executive committee until July 31.
4. Ashkenazi's Background: Ashkenazi has spent 23 years at Lilly, holding various finance roles, including CFO since 2021. She holds a bachelor's degree in economics and business administration from Hebrew University and an MBA from Tel Aviv University.
5. Alphabet's Financial Leadership: Ashkenazi brings extensive financial expertise to Alphabet, having served in roles at Intel Corporation and Goldman Sachs. She will be based in the Bay Area.
6. Impact on Lilly: Ashkenazi's departure adds to the recent turnover in Lilly's top leadership, with several key executives retiring over the past nine months.
7. Alphabet's Financial Performance: Alphabet reported net income of $23.7 billion on revenue of over $80 billion in the first quarter, significantly higher than Lilly's net income of $2.2 billion on revenue of about $8.8 billion.