Time for some fresh blood.
Yahoo has just officially announced that they have hired long time Google executive Marissa Mayer as their new CEO. Mayer will be the fifth CEO Yahoo has had over the past five years, all in attempt to improve the company’s image after the previous CEO, Carol Bartz, was fired last September due to her infamous demeanor at work.
Mayer has been credited with keeping Google’s homepage have a clean face, something Yahoo needs a little dose of. However, most of her work will revolve around internal restructuring and bringing about some much needed morale boost for the employees. Indeed the share price for Yahoo inc. raised just over 2% to $15.98 soon after Mayer’s appointment was announced.
In a statement to AP, Google Executive Chairman Eric Schmidt hailed Mayer as “a great product person, very innovative and a real perfectionist who always wants the best for users. Yahoo has made a great choice.”
“It’s a bittersweet day for me,” Mayer said. “Google is really my family. They have been life-defining for me.”