Feeds

Yahoo! to! name! former! Autodesk! chief! as! new! CEO!

Good luck, Carol Bartz

Beginner's guide to SSL certificates

Updated It appears that Yahoo! will name former Autodesk boss Carol Bartz as its next chief executive officer.

According to The Wall Street Journal, Bartz has accepted the company's offer to replace Jerry Yang, the man who rejected a $47.5bn takeover bid from Steve Ballmer and Microsoft.

Yahoo! did not immediately respond to a request for comment.

The sixty-year-old Bartz has her work cut out for her. In June, Microsoft offered $33 a share for the popular web portal, and at last check, Yahoo!'s share price was just a tad over $12. Profits were down 64 per cent in the third quarter, and in mid-December, the company waved goodbye to 1,500 workers.

On November 18, Yang said he would quit the CEO post as soon as his board found a replacement. After Bartz takes over, the company co-founder will return to his role as "Chief Yahoo!", whatever that is.

In rejecting Microsoft's $47.5bn takeover offer, Yahoo! forged a search ad pact with arch-rival Google. But Mountain Viewers abandoned the deal in the weeks before Yang announced his resignation. The US Justice Department had threatened an antitrust suit.

Yang then seemed to revive talk of a Microsoft merger at a tech conference in San Francisco, but Ballmer wouldn't have it, and Yahoo!'s shares took yet another tumble.

Carol Bartz still serves as executive chairman of Autodesk. She was CEO of the San Rafael, California-based 2D and 3D design software maker from 1992 to 2006, and before that, she was with Sun Microsystems.

Bartz currently sits on Cisco Systems' board with Jerry Yang and on Intel's board with Yahoo! president Susan Decker, who was passed over for the Yahoo! CEO role.

Last week, at the Consumer Electronics Show in Las Vegas, Steve Ballmer told the FT that Microsoft may still sign a search ad pact with Yahoo!, saying this would most likely happen after Yahoo! appointed a new CEO. Redmond's new search chief, Qi Lu, was poached from Yahoo!. ®

Updated

A Yahoo! press released has confirmed that Carol Bartz has been named Yahoo! CEO and a member of its board of directors. "We are very excited to have Carol Bartz leading Yahoo! into its next era of growth," reads a canned statement from board chairman Roy Bostock. "She is the exact combination of seasoned technology executive and savvy leader that the Board was looking for, and we are thrilled to have attracted such a world-class talent to Yahoo!.

"She is admired in the Valley as well as on Wall Street for her deep management expertise, strong customer orientation, excellent people skills, and firm understanding of the challenges facing our industry. Carol meets all of the criteria we set for the search and is the only person to whom we offered the job. The Board is united in its view that her energetic and decisive leadership style, coupled with a proven track record of driving growth, operational excellence and shareholder value, is exactly what Yahoo! needs to get back on a path toward achieving its full potential."

Yahoo! has also announced that President Sue Decker will resign from the company after a "transition period." Decker also interviewed for the CEO post. "The Board thanks Sue for her service as President, the important contributions she has made to Yahoo!'s development in a variety of roles over the past 8-1/2 years, and her willingness to work with Carol Bartz to ensure a smooth transition. We respect her decision to move on to other challenges and wish her only the best."</>

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.