Ruth Porat, Alphabet and Google CFO, Joins Blackstone’s Board of Directors
25 Juni 2020 - 2:15PM
Business Wire
Blackstone (NYSE:BX) today announced that Ruth Porat, Chief
Financial Officer of Alphabet Inc. and Google Inc., has joined its
board of directors.
Ruth joined Google as Senior Vice President and Chief Financial
Officer in May 2015 and has also held the same title at Alphabet
since it was created in October 2015. Previously, she spent 27
years at Morgan Stanley, most recently serving as Executive Vice
President and CFO of the company. She held a number of prior senior
roles at the bank, including Vice Chairman of Investment Banking,
Global Head of the Financial Institutions Group, and Co-head of
Technology Investment Banking. At Morgan Stanley, she led many
milestone transactions, including Blackstone’s IPO in 2007.
Commenting on the appointment, Stephen A. Schwarzman, Blackstone
Chairman, CEO and Co-Founder, said: “I first worked closely with
Ruth during Blackstone’s IPO and greatly admire her talent and
judgment. She possesses a deep understanding of the financial
services industry from her years on Wall Street and has had a front
row seat in Silicon Valley to the technological revolution that is
sweeping the world. Her unique perspective will be a tremendous
asset to Blackstone’s board.”
Jon Gray, President and COO of Blackstone, added: “We are
thrilled to have Ruth joining Blackstone’s board. She’s an
exceptional leader and a wonderful person. I know she will have a
powerful impact on our firm, given her wealth of experience from
both the finance and technology worlds.”
Ruth Porat added: “I’ve known Steve, Jon and the Blackstone
leadership team for many years and have always admired Blackstone’s
business and culture. The firm’s tremendous growth, success and
innovation is a testament to the quality of its people and the
strength of its global platform. I hope to contribute as a member
of the Board.”
Porat is Vice Chair of Stanford University’s Board of Trustees
and a member of the Board of Directors of the Stanford Management
Company, the University’s endowment. She is a member of the Aspen
Institute Economic Strategy Group and the Hutchins Center on Fiscal
and Monetary Policy at the Brookings Institution. She holds a BA
from Stanford University, an MSc from The London School of
Economics and an MBA from the Wharton School.
About Blackstone Blackstone is one of the world’s leading
investment firms. We seek to create positive economic impact and
long-term value for our investors, the companies we invest in, and
the communities in which we work. We do this by using extraordinary
people and flexible capital to help companies solve problems. Our
$538 billion in assets under management include investment vehicles
focused on private equity, real estate, public debt and equity,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20200625005441/en/
Kate Holderness +1 917 318 6818
kate.holderness@blackstone.com
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