Alphabet promotes senior finance executive internally to chief accounting officer
Alphabet, in a securities filing on Friday, announced the appointment of Marsida Saraci, who has been with the company for about 15 years, as chief accounting officer, effective immediately. Saraci, 47, previously served as vice president of finance and deputy controller, and worked at KPMG for over eight years before joining the company in 2011. The appointment comes about two months after Amie Thuener O'Toole stepped down from the role to become Broadcom's head of finance.
Key Takeaways
- Alphabet has appointed veteran employee Marsida Saraci as its next chief accounting officer, effective immediately, according to a securities filing submitted Friday.
- Saraci, 47, has worked at the Google parent for about 15 years, most recently serving as vice president of finance and deputy controller. Before joining the company in 2011, she spent more than eight years at Big Four accounting firm KPMG.
- The appointment comes about two months after Amie Thuener O'Toole stepped down as chief accounting officer and corporate controller. Thuener, 51, left the Mountain View, California-based company to become the top finance executive at semiconductor and software infrastructure company Broadcom this month, as previously reported by CFO Dive.
Dive Insight
Alphabet has a long tradition of elevating women to its top finance and leadership roles. In 2024, the company named Eli Lilly veteran Anat Ashkenazi as CFO, succeeding Ruth Porat, the company's longest-serving CFO. Porat transitioned to the newly created role of president and chief investment officer.
In her new role, Saraci will receive restricted stock units, known internally as Google stock units, valued at a total of $720,000, which will begin vesting in July, according to the Securities and Exchange Commission filing. The company did not disclose further details about her compensation in the filing.
Finance chiefs across industries, particularly in the technology sector, are racing to find AI applications that can accelerate finance functions. Alphabet is using AI agents to handle invoices and enhance financial workflows as part of a broader push to automate daily operations across the organization, Ashkenazi said during the company's February earnings call.
In April, the company reported first-quarter net income nearly doubled to $62.57 billion from $34.5 billion in the same period last year. CEO Sundar Pichai touted the company's AI investments and "full-stack" approach in a press release statement at the time, saying it is "lighting up every part of our business."