Yahoo to change CEO
18Nov08
YAHOO is replacing its CEO, Jerry Yang, one of the founders of the pioneering Internet company.
Yahoo announced today that co-founder Mr Yang, who spurned a $US47 billion ($A72.36 billion) takeover offer from Microsoft this year, is stepping down as chief executive.
“Jerry and the board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level,” Yahoo chairman Roy Bostock said.
Interesting times!
|
No Responses to “Yahoo to change CEO”
Please Wait
Leave a Reply
You must log in to post a comment.