Yahoo names new CEO
Source: Agencies |
January 5, 2012, Thursday
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Print Edition
Print Edition
YAHOO! Inc has named Scott Thompson, president of eBay Inc's PayPal division, as its new CEO - the fourth in less than five years for the struggling Internet company.
Yahoo, which announced its choice yesterday, has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her two and a half years on the job. Tim Morse, Yahoo's CFO, has been interim CEO since Bartz's ouster.
Thompson has served as president of PayPal, eBay's online payment service, since January 2008. He previously served as PayPal's senior vice president and chief technology officer.
Yahoo said Thompson will start next Monday. Morse will return to his CFO post.
Yahoo has been studying a possible sale of all or part of the firm since Bartz's ouster.
Yahoo, which announced its choice yesterday, has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her two and a half years on the job. Tim Morse, Yahoo's CFO, has been interim CEO since Bartz's ouster.
Thompson has served as president of PayPal, eBay's online payment service, since January 2008. He previously served as PayPal's senior vice president and chief technology officer.
Yahoo said Thompson will start next Monday. Morse will return to his CFO post.
Yahoo has been studying a possible sale of all or part of the firm since Bartz's ouster.
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