Yahoo names Tim Morse Interim Chief Executive

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Yahoo names Tim Morse Interim Chief Executive

Yahoo has announced that its board of directors has fired CEO Carol Bartz and named Chief Financial Officer Tim Morse as Interim Chief Executive. Morse would continue to meet the responsibilities of his current role as Yahoo Chief Financial Officer.

Yahoo claimed that it is commencing a search for a permanent Chief Executive Officer and will work with an executive search firm to help identify candidates for the position very soon.

Roy Bostock, Chairman, Yahoo Board shared, "We have talented teams and tremendous resources behind them and intend to return the company to a path of robust growth and industry-leading innovation. 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 is committed to evaluating possibilities and opportunities that will put it on a growth trajectory and deliver value to shareholders."


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