Carol Bartz new CEO Yahoo, Decker quits
After months of speculation Yahoo finally announced a CEO to take the place of Yahoo-founder Jerry Yang. Carol Bartz, Executive Chairman of Autodesk, will take Yang's place.
Bartz was named several times in the last week as the possible new CEO. Word is the 'battle' for the position was between her and Yahoo President Sue Decker. Together with the entrance of Bartz is the announcement of the exit of Becker. She resigned after 8,5 years with Yahoo. Her resignation will surely stir rumours that she might have left because she 'didn't get the job'.
New CEO Bartz is not a rookie when it comes to leading the big companies. Before working at Autodesk, where she was CEO for 14 years before she became Executive Chairman in 2006, she was Lead Independent Director and director at Cisco Systems and is on the Board of Directors of Intel Corporation and NetApp.
Roy Bostock, Chairman of the Board, said, "We are very excited to have Carol Bartz leading Yahoo! into its next era of growth. She is the exact combination of seasoned technology executive and savvy leader that the Board was looking for, and we are thrilled to have attracted such a world-class talent to Yahoo!. ...
...The Board is united in its view that her energetic and decisive leadership style, coupled with a proven track record of driving growth, operational excellence and shareholder value, is exactly what Yahoo! needs to get back on a path toward achieving its full potential."
Bartz wants Yahoo to grow and grab new opportunities: "Yahoo! is a powerful global brand with a great collection of assets, strong technology, and enormously talented employees. The Company has accomplished a great deal in its relatively short history and I look forward to working together to take it to the next level. There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity."
Bartz doesn't seems to have a US focus so what will happen to the European assets of Yahoo remains to be seen.
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