Click to Skip Ad
Closing in...

Yahoo President resigns following arrival of new CEO

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.

Read

Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.