Thompson new chief of Yahoo
YAHOO has named Scott Thompson, president of EBay’s PayPal division, as chief executive, the fourth in less than five years for the struggling internet company, which has been without a permanent boss since September.
It fired Carol Bartz after losing patience with her attempts to turn around the firm during her two-and-a-half years in post. Yahoo chairman Roy Bostock said Thompson’s track record of building on existing resources “to reignite innovation and drive growth” is “precisely the formula we need at Yahoo”.