Don't miss

Replay


LATEST SHOWS

ENCORE!

The highs and lows of Cannes for the critics

Read more

EYE ON AFRICA

Remembering our friend and colleague Jean Karim Fall

Read more

MEDIAWATCH

Bad diplomacy, brawls & bromance

Read more

ENCORE!

Cannes 2017: Pitch Perfect's Brittany Snow becomes an urban warrior

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 1)

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 2)

Read more

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

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)