Interesting news about Ruth Porat transitioning to President and Chief Investment Officer of Alphabet: > Alphabet and Google CFO Ruth Porat will assume the new

Interesting news about Ruth Porat transitioning to President and Chief Investment Officer of Alphabet: > Alphabet and Google CFO Ruth Porat will assume the newly created role of President and Chief Investment Officer of Alphabet and Google, effective September 1, 2023. Ruth will continue to serve as CFO, including leading the company’s 2024 and long-range capital planning processes, while the company searches for and selects her successor. > In her new role, Ruth will continue to report to Sundar Pichai, Alphabet and Google CEO. > Ruth assumed the role of CFO in May 2015 and is the company’s longest-serving CFO. > In her new role, Ruth will be responsible for Alphabet’s investments in its Other Bets portfolio, working closely with Sundar, and the company’s investments in countries and communities around the world. Alphabet’s investments span numerous sectors and are engines of economic growth globally. She will also focus on engagement with policymakers and regulators regarding employment, economic opportunity, competitiveness, and infrastructure expansion. Does this mean cuts a.k.a. "streamlining" incoming for Other Bets? She has been known to be pretty strict about unnecessary spending at Google.