Alphabet (GOOG, GOOGL) has announced that Anat Ashkenazi, former Eli Lilly (LLY) CFO, will become its new CFO. BofA Securities Senior Internet Technology Analyst Justin Post joins Catalysts to discuss the move and what the leadership shakeup could mean for the tech giant’s future.
"There’s some uncertainty. It’s taken longer than people expected to get a CFO. Obviously, someone with deep experience and experience with long product cycles, which I think works well for Google," Post explains.
He adds that Ashkenazi is joining Alphabet during a good cost trajectory, beating earnings expectations last quarter and executing small layoffs. "The cost focus is already at Google at this point, which we think is a positive for the stock," he says.
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