07 Sep '11, 12am

Yahoo! \\"gets new CEO\\"

Yahoo! \\"gets new CEO\\"

SAN FRANCISCO: Yahoo! fired chief executive Carol Bartz on Tuesday, less than three years after she was brought in to help turn around the struggling Internet company. Yahoo! said Bartz was being removed "effective immediately" and that 42-year-old chief financial officer Timothy Morse would serve as interim chief executive while the board of directors searches for a new CEO. Yahoo! also said it had named an Executive Leadership Council to carry out a "comprehensive strategic review" of the Sunnyvale, California-based company. "On behalf of the entire board, I want to thank Carol for her service to Yahoo! during a critical time of transition in the company's history, and against a very challenging macro-economic backdrop," Yahoo! chairman Roy Bostock said in a statement. "The board sees enormous growth opportunities on which Yahoo! can capitalise, and our primary objective...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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