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Yahoo! appoints new CEO

Yahoo! appoints new CEO

Yahoo! has announced that Carol Bartz has joined the Internet giant's board of directors and has been named Chief Executive Officer with immediate effect.

Yahoo! has announced that Carol Bartz has joined the Internet giant's board of directors and has been named Chief Executive Officer with immediate effect.

This signals the end of Jerry Yang's 18-month tenure as CEO and he will return to his former role as Chief Yahoo. He said he "couldn't be more pleased with the board's choice" in a company statement.

Bartz, 60, was most recently Executive Chairman of Autodesk and, prior to that, she was CEO of the company for 14 years.

During this time, she increased the company's revenues from $300 million to more than $1.5 billion a year, while the share price increased by a factor of ten in the same period. This transformed Autodesk into one of the market leaders in computer-aided design software packages.

In addition to her successes at Autodesk, Bartz has worked at Sun Microsystems, Digital Equipment Corporation and 3M and has had extensive hands-on executive experience at these companies.

What's more, Bartz is also Lead Independent Director at Cisco Systems and serves on the board of directors at Intel and NetApp.

Do you think this is a good move for Yahoo! and will we see the company return to its former glory? Discuss in the forums.

16 Comments

Discuss in the forums Reply
UrbanMarine 15th January 2009, 14:26 Quote
Ok. I gotta say not bad for 60.

Career http://people.forbes.com/profile/carol-a-bartz/8706
Redbeaver 15th January 2009, 14:46 Quote
not bad at all.
liratheal 15th January 2009, 15:00 Quote
..She's sixty?!

Did someone go on a photoshop course or something?
RTT 15th January 2009, 15:53 Quote
Quote:
Originally Posted by liratheal
..She's sixty?!

Did someone go on a photoshop course or something?

That or she's had an awful lot of plastic surgery :|
UrbanMarine 15th January 2009, 17:24 Quote
Way to ruin a cougar wet dream Doug :(
liratheal 15th January 2009, 17:27 Quote
Ah, so someone did get a photoshop job :D

Still, doesn't look bad for 60.
pendragon 15th January 2009, 18:05 Quote
sounds like they could have done a lot worse... and yea, the picture in the article sure doesnt make her look 60
Er-El 15th January 2009, 18:26 Quote
She still doesn't look bad at all for a sixty year old in the second set of pics Doug posted. Anyway, been a long time since I've last heard of a woman appointed a top position at a large organisation.
dyzophoria 15th January 2009, 18:32 Quote
she really has a good resume from the looks of it, I hope she can get yahoo back on track
eXpander 15th January 2009, 19:17 Quote
Well, i would look good too if i had the money that she has! Check out the "Forbes" link UrbanMarine posted earlier.

Quite an impressive resume, and by the looks of it, alot more experienced than Yang. I wish her lots of luck in her new position.

Still, i don't really care about Yahoo. I`m a Google fanboy. I only use Yahoo for Messenger, cuz alot of my friends have it. Slowly but surely i`m migrating to Skype ;)
HandMadeAndroid 15th January 2009, 21:02 Quote
I thought there is no woman on teh interwebs
Skiddywinks 16th January 2009, 01:40 Quote
That really is quite an impressive resume.

Maybe things are looking up for Yahoo?
metarinka 16th January 2009, 05:35 Quote
interestingly enough she seems to be a CEO who generates buisness growth without destroying the buisness.
there are women on the interwebs carly fiorina http://en.wikipedia.org/wiki/Carly_Fiorina ran HP for awhile merged them with compaq and tanked both companies
Jamie 16th January 2009, 10:22 Quote
Yahoo had their day.
B3CK 16th January 2009, 20:43 Quote
i would have to agree, nice for 60, and so successful, and smart, and even hands on,, wow.
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