{"id":13615,"date":"2012-07-15T21:07:33","date_gmt":"2012-07-15T21:07:33","guid":{"rendered":""},"modified":"2012-07-15T21:07:33","modified_gmt":"2012-07-15T21:07:33","slug":"Yahoo-Names-Google-Exec-Marissa-Mayer-As-CEO","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=13615","title":{"rendered":"Yahoo Names Google Exec Marissa Mayer As CEO"},"content":{"rendered":"

In a stunning development, Yahoo has named long-time Google exec Marissa Mayer as the company\u2019s CEO, both the New York Times and CNBC are reporting.<\/strong><\/p>\n

Mayer\u2019s appointment will come as a surprise to both the Valley and the Street. Most observers had expected the job to go to interim CEO Ross Levinsohn, who has been running the company in the wake of the recent departure of former CEO Scott Thompson, who was pushed out in a scandal over inaccuracies in his resume.<\/p>\n

Mayer, 37, recently had been responsible for Google\u2018s location-based services. She was employee #20 at Google. As the Times notes, Mayer has lately been stretching her reaching beyond Google, recently taking a seat on the Wal-Mart board, for instance.<\/p>\n

The appointment instantly makes Mayer one of the most powerful women in the tech business, along with Hewlett-Packard CEO Meg Whitman, IBM CEO Ginni Rommety and Facebook COO Sheryl Sandberg.<\/p>\n

The story notes that Mayer resigned from Google today by phone, and will start work at Yahoo tomorrow.She will also join the Yahoo board.<\/p>\n

Mayer told the Times that she \u201chad an amazing time at Google,\u201d but that ultimately \u201cit was a reasonably easy decision\u201d to take the top job at Yahoo. She appeared to have little change to reach the CEO level at Google, where Larry Page recently took over from Eric Schmidt.<\/p>\n

Mayer told the Times that she intends to leverage Yahoo\u2019s strong franchises in email, finance and sports.<\/strong><\/p>\n

Mayer said she was first approached about the job in June.<\/p>\n

Clearly, Yahoo made the decision to provide the news on the change directly to the Times; as of right this minute the company has neither issued a press release or filed with the SEC to officially disclose the change. In fact, the headline on Yahoo Finance about the CEO change links to the Times story, and not to any official announcement from the company.<\/p>\n

Source www.forbes.com<\/a><\/em>
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