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Yahoo appoints Marissa Mayer as third CEO in one year Yahoo appoints Google's Marissa Mayer as new CEO
(40 minutes later)
Technology firm Yahoo has announced that it has appointed Google executive Marissa Mayer as its CEO. Technology firm Yahoo has appointed leading Google executive Marissa Mayer as its next chief executive.
Ms Mayer will become the firm's third chief executive in the space of a year. Ms Mayer, 37, will become the firm's third CEO in the space of a year.
In a href="http://pressroom.yahoo.net/pr/ycorp/236553.aspx" > statement released by Yahoo, Ms Mayer said she was "honoured and delighted" to lead the company. In a href="http://pressroom.yahoo.net/pr/ycorp/236553.aspx" >statement released by Yahoo, Ms Mayer said she was "honoured and delighted" to lead the company.
The appointment comes after a difficult year for Yahoo. In May CEO Scott Thompson had to step down after accusations that he put a fake computer science degree on his CV. In May CEO Scott Thompson stepped down after accusations that he put a fake computer degree on his CV. In September 2011, CEO Carol Bartz was fired after two-and-a-half years in the post.
In September 2011, CEO Carol Bartz was fired after two-and-a-half years in the post. Yahoo has struggled in the face of increased competition from search rivals including Google and the emergence of social giants such as Facebook.
Yahoo has struggled in the face of increased competition from rivals such as Google and Facebook. Interim CEO Ross Levinsohn was thought to have been the favourite for the job before Monday's announcement that Ms Mayer was to take the helm.
Interim CEO Ross Levinsohn was thought to have been the favourite for the job before Monday's announcement that Ms Mayer. "I look forward to working with the company's dedicated employees to bring innovative products, content, and personalised experiences to users and advertisers all around the world," Ms Mayer said.
Ms Mayer, who takes up her post at Yahoo on Tuesday, joined Google in 1999 as the company's first female engineer.
A former computer science student at California's Stanford University, she was the fledgling company's 20th employee.
She worked on creating the Google search engine and the company's widely-recognised home page.
More recently, Ms Mayer has been in charge of the technology giant's location and mapping services, which include Google Maps, Earth, Local and Street View.
She has been credited with shaping much of the "look and feel" of Google's user experience.
Ms Mayer also serves on the boards of Walmart, San Francisco Museum of Modern Art, San Francisco Ballet and New York City Ballet.