Yahoo has announced the appointment of Scott Thompson as their new CEO.
Scott Thompson would join Yahoo from PayPal. He is currently in charge of this eBay division.
Yahoo has been operating without a CEO for a couple of months now.
The company said:
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! 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. The search committee and the entire Board concluded that he is the right leader to return the core business to a path of robust growth and industry leading innovation.