Yahoo! Appoints Marissa Mayer as President and CEO
Mayer, a leading consumer internet executive, is expected to bring the Sunnyvale based internet giant back to the top as a leading internet giant after it has trailed behind leading companies such as Google and Facebook. Mayer resigned from Google Monday and starts at Yahoo! Tuesday.
Ross Levinsohn had been Yahoo!’s interim CEO after the sudden recent departure of Scott Thompson in May. Levinsohn had been considered for a more permanent position along with other candidates, including Hulu CEO Jason Kilar, reported AllthingsD.com.
In a press release on Yahoo’s website, Mayer said, “I am honored and delighted to lead Yahoo!, one of the internet’s premier destinations for more than 700 million users. 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.”
Mayer who graduated from Stanford University was Google’s first female engineer who was responsible for the look of Google’s home page. Mayer was also the companies VP of Search Project and recently held the title of VP of Location Services.
Yahoo! Co-Founder David Filo said, “Marissa is a well-known, visionary leader in user experience and product design and one of Silicon Valley’s most exciting strategists in technology development. I look forward to working with her to enhance Yahoo’s product offerings for our over 700 million unique monthly visitors.”
“The Board of Directors unanimously agreed that Marissa’s unparalleled track record in technology, design, and product execution makes her the right leader for Yahoo! at this time of enormous opportunity,” said Fred Amoroso, Chairman of the Board of Directors.
Yahoo!’s stock is already climbing since the company’s announcement.