Scott Thompson Named as New Yahoo Chief Executive Officer
By Rob Scott
January 5, 2012
January 5, 2012
- PayPal chief Scott Thompson has been named the new CEO of Yahoo, effective January 9.
- Thompson will be Yahoo’s fourth CEO in less than five years.
- Interim CEO Tim Morse, who temporarily replaced Carol Bartz in September, will return to his previous post as chief financial officer.
- “Thompson certainly has his work cut out for him,” suggests Digital Trends. “Although Yahoo boasts more than 700 million users — making it one of the most highly-trafficked services on the Internet — the company’s stock has essentially flatlined since Microsoft’s abortive hostile takeover attempt back in 2008.”
- Thompson has indicated his first orders of business will include meeting with sales teams and regional leaders to gain a better sense of what publishers and advertisers expect from the company. He also plans to “ramp up on Yahoo’s products and services.”
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