Blackstone has appointed Ruth Porat, chief financial officer of Google and Alphabet, to its board of directors.
She joined Google in May 2015 as senior vice president and chief financial officer and took on the role at Alphabet in October 2015.
Prior to joining the tech giant, Porat was at Morgan Stanley for 27 years, where her roles included executive vice president and chief financial officer. During her time at Morgan Stanley she worked on Blackstone’s IPO in 2007.
Porat is also vice chair of Stanford University’s board of trustees and a member of the board of directors of the Stanford Management Company, which invests the university’s endowment.
Stephen Schwarzman, chairman, chief executive and co-founder of Blackstone, 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 chief operating officer of Blackstone, added: “I know she will have a powerful impact on our firm, given her wealth of experience from both the finance and technology worlds.”
Porat said: “I have 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.”
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