Yahoo! Has A New CEO- It’s PayPal President Scott Thompson!

Jan 5, 2012 | 2,386 views | by Navneet Kaushal
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Yahoo has put out its formal press announcement announcing Scott Thompson as the new CEO. Yahoo has been looking for a new CEO since the ouster of Carol Bartz. This is what Yahoo has to say about appointing Thompson:

“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! 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. The search committee and the entire Board concluded that he is the right leader to return the core business to a path of robust growth and industry-leading innovation.”

AllThingsD was the first one to report that PayPal president Scott Thompson was going to be designated as CEO of Yahoo. A few hours after the report, Yahoo has made the formal announcement.

As per the eBay bio, Thompson took the reins of PayPal’s president ship in early 2008. Prior to this he was serving as its CTO in charge of information technology, product development and architecture. Before joining eBay, he worked at Inovant and served as CIO of Barclays Global Investors and at Coopers and Lybrand on information technology.

Yahoo fired CEO Carol Bartz in September 2011, and since then had been looking for a new CEO to head the company.

4.thumbnail Yahoo! Has A New CEO  It’s PayPal President Scott Thompson!

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Yahoo! Has A New CEO  It’s PayPal President Scott Thompson!
4.thumbnail Yahoo! Has A New CEO  It’s PayPal President Scott Thompson!