Don't miss

Replay


LATEST SHOWS

FOCUS

French Muslims refuse to be scapegoats for extremists

Read more

IN THE PAPERS

'Obama needs to provide real answers to Netanyahu's arguments'

Read more

IN THE PAPERS

Hollande: 'We have to tear voters away from the National Front'

Read more

FACE-OFF

French local elections: Far-right National Front in pole position

Read more

ENCORE!

Film Show: 'Citizen Four', 'The Circle' and 'Wolf Totem'

Read more

EYE ON AFRICA

Tangerine Dream: Afropolitan star Yemi Alade chats to FRANCE 24

Read more

MIDDLE EAST MATTERS

Iraq: Islamic State group's child soldiers

Read more

DEBATE

Netanyahu on Capitol Hill: Israeli PM calls for deal breaker with Iran (part 2)

Read more

DEBATE

Netanyahu on Capitol Hill: Israeli PM calls for deal breaker with Iran (part 1)

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)