Yahoo Board of Directors has appointed Scott Thompson, president of PayPal into the CEO position, ending four months looking for a character to replace former CEO Carol Bartz.
With Mr. Scott Thompson was appointed, Mr. Tim Morse - interim CEO of Yahoo - will return to position of CFO (chief financial) her. According to a statement by Yahoo yesterday (4 / 1), Mr. Thompson will officially receive his new position from 9 / 1.
Previously, under the leadership of Scott Thompson, PayPal has become one of the business "cash cow" for eBay in recent years. Online payment service of eBay in the last years of consecutive record growth record, ranging from 1.8 to 4 billion USD / year.
"We are confident that Scott will bring a new vitality Yahoo. He will help Yahoo make the most of their potentials, which, looking back into the familiar formula that we all are targeting, "Roy Bostock - Chairman of the Board of Yahoo for said.
However, in his new position, Mr. Thompson will face challenges not less that three of his predecessor could not solve, such as Yahoo put back the growth trajectory of a service company The leading Internet.
Previously, Ms. Carol Bartz has officially received the top position in 2009 from the co-founder Jerry Yang. After this she retired, there have been numerous rumors concerning the Yahoo will be acquired by a "big" like Google or Microsoft.
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