Alphabet (GOOG, GOOGL) has announced that Anat Ashkenazi, the current Eli Lilly (LLY) CFO, will become the company's new CFO. Bank of America Securities senior internet technology analyst Justin Post joins Catalysts to discuss the move and what the leadership shake-up could mean for the tech giant's future.
"There's some uncertainty. It's taken longer than people expected to get a CFO," 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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This post was written by Melanie Riehl