Yahoo Confirms Bartz To Be CEO, Decker Resigns
Yahoo has officially selected former Autodesk (ADSK) head Carol Bartz as its next CEO, effective immediately.
In a press release this afternoon, Yahoo also said President Sue Decker is resigning after an undetermined transition period. She has been at Yahoo almost nine years.
Decker was one of the internal CEO candidates, but she and outgoing Yahoo CEO Jerry Yang have been badly tarnished by Yahoo’s weak performance of late.
About the Bartz appointment, outgoing Yang said in the release: “I couldn’t be more pleased with the Board’s choice of Carol Bartz as CEO and look forward to returning to my former role as Chief Yahoo. I believe Carol is the ideal person to take Yahoo! forward and I will be honored to be a resource to assist her in any way she finds helpful.”
Said Bartz: Carol Bartz said, “Yahoo! is a powerful global brand with a great collection of assets, strong technology, and enormously talented employees…There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity.”
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