Yahoo Names Google Exec Marissa Mayer As CEO (breaking... she's also pregnant)
Last edited Tue Jul 17, 2012, 12:51 PM - Edit history (1)
Source: Forbes
In a stunning development, Yahoo has named long-time Google exec Marissa Mayer as the companys CEO.
Reported earlier by the New York Times and CNBC, the company has now issued a release officially announcing the news.
Mayers 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.
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Mayer, 37, recently had been responsible for Googles location-based services. She was employee #20 at Google. As the Times notes, Mayer has lately been stretching her reach beyond Google, recently taking a seat on the Wal-Mart board, for instance.
Read more: http://www.forbes.com/sites/ericsavitz/2012/07/16/yahoo-names-google-exec-marissa-mayer-as-ceo/
Wonderful news for an additional woman CEO in a Fortune 500 company -- she's also one of the youngest. She also has a technical (rather than business) background studying AI at Stanford and MIT. Here's hoping she can right this ship.
Also, see the latest at http://www.huffingtonpost.com/2012/07/17/marissa-mayer-yahoo-ceo-pregnant_n_1678944.html
There has been a lot of mixed reaction to this news.
cbayer
(146,218 posts)I wish her fair wind and following seas.
banned from Kos
(4,017 posts)donates to Dems and ActBlue!
PoliticAverse
(26,366 posts)Last year, Mayer contributed $35,800 to the Obama Victory Fund 2012.
Mayer is an active Democratic fundraiser. In 2011, she gave $30,800 to the Democratic National Committee. In 2010, she gave two donations of $30,400 to the DNC, according to Open Secrets.
She also has bundled between $100,000 and $200,000 for Obama for America and Obama Victory Fund 2012, according to the Obama campaign.
http://www.politico.com/news/stories/0712/78570.html
PoliticAverse
(26,366 posts)PoliticAverse
(26,366 posts)FORTUNE --Marissa Mayer, the Google (GOOG) executive who today was named Yahoo's (YHOO) new chief executive, is pregnant.
Mayer told Fortune exclusively that her first child is due October 7. It's a boy!
http://postcards.blogs.fortune.cnn.com/2012/07/16/mayer-yahoo-ceo-pregnant/