Google Exec, Wal-Mart Board Member Marissa Mayer Named Yahoo CEO - Innovate Arkansas
Google Exec, Wal-Mart Board Member Marissa Mayer Named Yahoo CEO
By Associated Press, 7/16/2012 3:45:19 PM
SUNNYVALE, Calif. - Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years as the company struggles to rebound from years of financial malaise and internal turmoil.
Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google's earliest employees and was most recently responsible for its mapping, local and location services. Mayer, 37, began her career at Google in 1999.
Ross Levinsohn has been running the company on an interim basis and had been thought to be the lead candidate. Levinsohn filled in after Scott Thompson lost his job in a flap over misinformation on his official biography.
Fred Amoroso, Yahoo's chairman, says the board was drawn to Mayer's "unparalleled track record in technology, design, and product execution."
Mayer was elected to the board of directors of Wal-Mart Stores Inc. of Bentonville in June.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, rewritten, broadcast or distributed.)
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