Google has announced that Ruth Porat, who is presently Chief Financial Officer at Morgan Stanley, will join as CFO of the technology major. The announcement was made after Google CFO Patrick Pichette expressed his plan to retire through Google+ post.

In 1987, Ruth joined Morgan Stanley and was posted at various positions at the company, together with Global Head of the Financial Institutions Group, Vice Chairman of Investment Banking and co-Head of Technology Investment Banking. During the financial crisis, Ruth handled the Morgan Stanley teams, giving advice to the US Treasury on Fannie Mae and Freddie Mac, and the New York Federal Reserve Bank on AIG.

She has also served as the lead banker on many technology financing rounds in organizations like eBay, Amazon, Netscape, Priceline and Verisign and also for GE, The Blackstone Group and the NYSE. She contributed a lot as CFO and helped improve resource optimization in different businesses with help of better capital and funding allocation, in addition to expense reductions.

According to Page, they feel very lucky to have an experienced, creative and operationally strong executive. According to him, "I look forward to learning from Ruth as we continue to innovate in our core--from search and ads, to Android, Chrome and YouTube--as well as invest in a thoughtful, disciplined way in our next generation of big bets".

Ruth is also serving as Vice Chair of the Stanford University Board of Trustees, a Board Director at The Council on Foreign Relations, a member of the US Treasury's Borrowing Advisory Committee and a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.

She said that she is happy that she'll join Google. Ruth also said that she is looking forward to work as soon as she can.