Google CEO Larry Page must be pleased with the search giant’s new Chief Financial Officer, Ruth Porat, a former Morgan Stanley executive who joined Google in May 2015. She has impressed shareholders by promising more disciplined spending. That promise and success in mobile search and with YouTube helped propel Google stock to an all-time high in July.
Earlier this year Google unveiled Sidewalk Labs, a new subsidiary to improve quality of life in cities, as well as plans to provide mobile phone services in the U.S. Page co-founded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin and was its first CEO until 2001. After serving as president of products, he took the helm again in 2011.
In October 2014, he transferred most of his daily responsibilities to Sundar Pichai in order to focus on longer-term strategy. A clean energy advocate, Page’s network of houses in Palo Alto use fuel cells, geothermal energy and rainwater capture.