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Yahoo President resigns following arrival of new CEO

Zach Epstein
January 13th, 2009 at 6:26 PM

Well, it looks like board meetings over at Intel are going to be pretty awkward for a while. Following the Wall Street Journal’s scoop earlier today, Yahoo has officially announced that Carol Bartz has joined the company as CEO. In the same breath, Yahoo also revealed that current President Sue Decker has informed the company she will be resigning from her role after a transitional period. Decker, a candidate who had been considered for the open CEO spot as well, has been with Yahoo in a variety of capacities for the past 8-1/2 years. Decker will remain on as Bartz settles into her position, after which she will apparently head off to greener pastures – which shouldn’t be overly difficult at this point. As for Bartz, Yahoo’s press release included her first official statement as CEO:

Yahoo! is a powerful global brand with a great collection of assets, strong technology, and enormously talented employees. The Company has accomplished a great deal in its relatively short history and I look forward to working together to take it to the next level. There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity.

Former CEO Jerry Yang will return to his previous role as Chief Yahoo.

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Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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