Yahoo on Wednesday announced a leadership reorganization that moves Carol Bartz out as CEO and replaces her in the interim with Timothy Morse, the company’s chief financial officer. The board has also formed a new executive leadership council populated by key senior executives to support Morse in day-to-day operations until a permanent CEO is appointed. Further, the board initiated a comprehensive strategic review to position the company for further growth. The market welcomed the move. Yahoo’s stock rose about 4.5 percent following the news.
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Yahoo: Out With the Old, in With the ???
Posted by: Rob Spiegel September 7, 2011 12:24 PMYahoo on Wednesday announced a leadership reorganization that moves Carol Bartz out as CEO and replaces her in the interim with Timothy Morse, the company’s chief financial officer. The board has also formed a new executive leadership council populated by key senior executives to support Morse in day-to-day operations until a permanent CEO is appointed. Further, the board initiated a comprehensive strategic review to position the company for further growth. The market welcomed the move. Yahoo’s stock rose about 4.5 percent following the news.