Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

A certified 'palace': How hotels strive for excellence

Read more

IN THE PAPERS

Leave campaign is suffering from 'Bregret'

Read more

BUSINESS DAILY

Osborne: UK public finances will need adjustment after Brexit

Read more

IN THE PAPERS

'A Europe of the people' (minus the UK)

Read more

EYE ON AFRICA

Seven African countries' economies at risk over Brexit

Read more

THE DEBATE

Britain votes out: What next?

Read more

#TECH 24

The 'fintech' revolution

Read more

#THE 51%

In her own image: Women in Art

Read more

REPORTERS

World War I: When northern France was on German time

Read more

Business

Yahoo gets new CEO with ex-PayPal boss Thompson

Text by News Wires

Latest update : 2012-01-04

Troubled Internet giant Yahoo has named Scott Thompson, president of eBay's PayPal division, as its new chief executive. Yahoo has been without a permanent CEO since September.

AFP - 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 in a statement.

"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

Date created : 2012-01-04

  • BUSINESS

    Yahoo fires CEO Carol Bartz amid faltering revenues

    Read more

COMMENT(S)