Yahoo! Inc. appointed Scott Thompson as Chief Executive Officer (CEO) of Yahoo!, effective January 9, 2012, while Tim Morse continued his role as Chief Financial Officer. Thompson previously served as President of PayPal, a division of e-Bay.
“Thompson will bring to the Yahoo! building a strong base of existing assets and resources available. Also reignite innovation and encourage growth and provide the necessary formulas Yahoo!,” said Roy Bostock, Chairman of the Board of Yahoo! in its press release , Thursday (01/05/2012).
“A deep understanding of online business, business team building and operational capabilities will restore your energy, focus and momentum needed to develop the core business and deliver added value for Yahoo! stockholders,” Bostock added. ”
He said the main focus will be on Thomson’s core business, and as CEO and director. He will work closely with the Council because we are involved in identifying what is best for the company and its shareholders. Yahoo! is also considering various opportunities for business development company, specialized investments or dispositions of assets.
“We are grateful to Tim Morse, who has led the company with a stable for several months. A deep understanding of the Company and its positive approach will be useful extraordinary when he will work as its Chief Financial Officer (CFO),” Bostock node.
While Thomson said, Yahoo is an industry icon. And I am very excited to be working in a big team in the online world that will bring the Yahoo! experience success.Yahoo! has a long experience with a solid foundation, especially the involvement of users continues to one of the many reasons for my enthusiasm., “Said Thompson.
Disclosed, he will direct the focus of work to hear the input of the team, working together with engineers and product teams, and learn more about the products and services provided to 700 million users, also found the most interesting and useful.
“I will also work directly with municipal leaders and global sales team to gain a clearer understanding of the needs of advertisers and publishers. The ultimate goal must deliver value for shareholders,” he said.
Thomson’s track record when he became President of Paypal is truly extraordinary.Cold hands, PayPal established itself as a global online payment service providers, users successfully expand from 50 million to more than 104 million active users in 190 countries around the world, increasing the number of merchant partners for more than 8 million globally, and growing revenues from the U.S. $ 1.8 billion to U.S. $ 4 billion more in 2011.
Incoming search terms for the article: