Alphabet CFO Ruth Porat leaving role to become president and chief investment officer

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Ruth Porat will step down as Alphabet’s chief financial officer and take a new role as president and chief investment officer, the company announced on Tuesday.

She will continue as CFO until Alphabet selects a replacement, and will continue to report to CEO Sundar Pichai, the company said.

The role will also include focusing on investments across the board, Porat told CNBC's Bosa. That will include infrastructure, real estate, data centers and efforts to expand in the India region. Porat will also be engaged with policy makers to recognize the importance of technology.

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