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Carol Bartz, newly named chief executive
of Internet company Yahoo Inc, is shown in this undated publicity photo
released to Reuters January 13, 2009. (Xinhua/Reuters Photo) Photo Gallery>>> |
SAN FRANCISCO, Jan. 13 (Xinhua) -- Yahoo Inc, the
Silicon Valley Internet giant, is expected to name Carol Bartz, former chief
executive of software company Autodesk Inc, as its next CEO, the Wall Street
Journal reported on Tuesday.
Bartz, 60, has accepted Yahoo's offer, the newspaper
said, citing people familiar with the situation.
The offer caps Yahoo's two-month search for a leader
to succeed Jerry Yang, its co-founder and former CEO who oversaw the company
through an acquisition offer from Microsoft and activist investor Carl Icahn's
failed attempt to replace the Yahoo board.
Yang, 40, announced last November that he will step
down as Yahoo's CEO as soon as a replacement is found.
Analysts said Yang's resignation was due to growing
anger among investors who thought Yang made a serious mistake by rejecting
Microsoft's bid to buy out Yahoo.
Bartz will face a number of challenges as she tries
to turn around Yahoo's flagging performance and stock price, the Wall Street
Journal said.
Bartz served as chief executive of Autodesk from 1992
to 2006. Autodesk is around half the size of Yahoo, with approximately 7,000
employees worldwide.
She was also an executive at Sun Microsystems Inc.
and sits on the boards of Cisco Systems Inc. and Intel Corp.
Yahoo CEO Jerry Yang to step down
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Yahoo! CEO Jerry Yang declines to speak to a reporter at the 26th annual Allen & Co conference in Sun Valley, Idaho July 10, 2008. (Xinhua/Reuters Photo) Photo Gallery>>> |
LOS ANGELES, Nov. 17 (Xinhua) -- Yahoo CEO Jerry Yang announced Monday that he is stepping down after a turbulent year and a half of running the Internet giant.
Yang, 40, told employees in a memo that he will continue as CEO until a replacement is found, then will go back to his old job as " Chief Yahoo." He will remain on the board.