Carol Bartz new Yahoo CEO

Written by: Super Admin
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Bangalore, Jan 14: Its finalised, Yahoo Inc will get a new CEO in Carol Bartz. Yahoo Inc on Wednesday, Jan 14 named Silicon Valley veteran Carol as its new chief executive, a no-nonsense leader known for developing a clear focus. Naming Carol as new CEO, puts an end to Yahoo's two-month search to replace co-founder Jerry Yang, who quit the post after the deals with rivals Google Inc and Microsoft Corp collapsed. Carol Bartz is presently the chairman of the board, president and CEO of Autodesk, Inc.

Carol Bartz appointment may give new hope to Microsoft to renew its efforts to buy Yahoo's internet search operations, which can pose a serious threat to Google, the market leader. Earlier Microsoft have offered to buy Yahoo in its entirety in May for $47.5 billion, which Yang rejected. Microsoft subsequently withdrew that bid, valued at $33 per share, and now Yahoo's stock price hovers around $12.

Yahoo Chairman Roy Bostock said, "Carol Bartz is the exact combination of seasoned technology executive and savvy leader that the board was looking for." But the investors seemed unsure of the decision. On Tuesday, Jan 13 Yahoo shares fell 12 cents to close at $12.10 then recovered 15 cents in extended trading.

OneIndia News (With inputs from Agencies)


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