Advertise on Bizcommunity

Subscribe to industry newsletters

Yahoo! names ex-PayPal boss Thompson new CEO

YORK, US: Internet giant Yahoo! on Wednesday named former PayPal president Scott Thompson its new chief executive, four months after sacking Carol Bartz over her unsuccessful turnaround effort.
After months of reports that the company was entertaining potential buyers, Yahoo! said Thompson would focus on the company's core business and work with the board to "identify the best approaches for the company and its shareholders."

"Scott brings to Yahoo! a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo!," chairman Roy Bostock said.

"His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders."

"Yahoo! is considering a wide range of opportunities for the company's business, as well as specific investments or dispositions of assets," Bostock added.

Source: AFP via I-Net Bridge
Get a daily news update via WhatsApp or sign up to our newsletters.


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to:

Read more: Yahoo!, Carol Bartz, PayPal