Yahoo CEO Steps Down


Washington, May 14 (IANS): Yahoo chief executive officer (CEO) Scott Thompson has resigned and the company has named Ross Levinsohn as interim CEO, Yahoo said Sunday.

The company said its board of directors also appointed Fred Amoroso as chairman. Both appointments were effective immediately, Xinhua reported.

"Mr. Levinsohn replaces Scott Thompson, former chief executive officer, who has left the company," Yahoo said in a statement.

Thompson, former president of eBay's subsidiary PayPal, was appointed as CEO in January 2012.

According to Xinhua, Thompson was under fire after Yahoo shareholder Dan Loeb alleged that the CEO does not have a computer science degree from Stonehill College as claimed for the CEO position, as well as in regulatory filings to the US Securities and Exchange Commission.

  

Top Stories


Leave a Comment

Title: Yahoo CEO Steps Down



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.