TMCNet:  Report: Yahoo to name new CEO to replace Yang

[January 13, 2009]

Report: Yahoo to name new CEO to replace Yang

(Associated Press WorldStream Via Acquire Media NewsEdge) SUNNYVALE, California_Yahoo is poised to name Silicon Valley veteran Carol Bartz as its new chief executive, according to The Wall Street Journal. The newspaper's Web site cited undisclosed people familiar with the situation Tuesday.

The appointment would end Yahoo's nearly two-month search for a leader to replace co-founder Jerry Yang, who infuriated the Internet company's shareholders by turning down a $47.5 billion takeover offer from Microsoft last May.

The 60-year-old Bartz was CEO of business software maker Autodesk for 14 years before stepping aside to become the company's executive chairman in 2006. She was a top executive at Sun Microsystems before joining Autodesk.

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