Alphabet/Google CFO joins Blackstone’s board of directors

Ruth Porat, chief financial officer of Alphabet Inc. and Google Inc., has joined Blackstone’s board of directors. She joined Google as senior vice president and CFO in 2015 after spending 27 years at Morgan Stanley, most recently as CFO. She led many milestone transactions at the firm, including Blackstone’s IPO in 2007. Presently Porat also serves as a vice chair of Stanford University’s board of trustees and is a member of the board of directors for the university’s endowment office, Stanford Management Company. “I first worked closely with Ruth during Blackstone’s IPO and greatly admire her talent and judgement,” said Blackstone CEO and Co-Founder Stephen Schwarzman. “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 COO of the $538 billion firm that specializes in alternative investments including private equity, real estate, credit and hedge funds, added that Porat’s wealth of experience in finance and technology worlds will be have an impact on the business. “I’ve known Steve, Jon and the Blackstone leadership team for many years and have always admired Blackstone’s business and culture,” Porat said in a statement. “The firm’s tremendous growth, success and innovation is a testament to the quality of its people and the strength of its global platform.”

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