Feeds

Yahoo! Poaches! New! CEO! From! Google!

Google's 'Employee No. 20' Marissa Mayer will captain sinking ship

Maximizing your infrastructure through virtualization

In a surprise move, Yahoo! has named top Google exec Marissa Mayer its new president and CEO – the fifth in five years.

"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users," Mayer said in a statement. "I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

The issue of who would occupy the CEO seat has been a cloud over Yahoo! since the May resignation of former CEO Scott Thompson, in a shareholder row that also saw several directors exit the company.

Since then, Ross Levinsohn has acted as interim CEO, and many analysts expected the role to become permanent. Other rumors suggested Yahoo! might tap current Hulu.com boss Jason Kilar for the CEO seat.

In Mayer, Yahoo! gains a boss who has played a key role in designing and developing many of Google's online services, including its Spartan search homepage, Gmail, Google News, Google Earth, Google Images, and many others. Most recently, she was responsible for Google Maps and its related location-based services.

Mayer joined Google in 1999 as the company's first female engineer and its 20th employee. Like many top Google brass, she is a graduate of Stanford University, where she earned both a bachelor's degree in symbolic systems and a master's degree in computer science, both with a specialty in artificial intelligence.

With her appointment as Yahoo! CEO, she becomes one of the most powerful women in Silicon Valley – and, for that matter, in American business as a whole. Only 18 companies on the Fortune 500 currently have a female boss.

According to Yahoo!'s press release, the appointment "signals a renewed focus on product innovation" at the company, which has struggled in recent years to compete with rival online services such as Google and Facebook. In April, it reported its first sales growth in three years.

Mayer will also join Yahoo!'s board.

"There is a lot to do and I can't wait to get started," Mayer said. She begins her new role on Tuesday – not a moment too soon, for Yahoo!'s beleaguered shareholders and staff. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.