News Articles

Sunday, May 13, 2012

Yahoo! CEO Scott Thompson leaves following education revelation

Yahoo! Inc. says Ross Levinsohn has been appointed as interim Chief Executive Officer, replacing Scott Thompson who has left the company. Fred Amoroso is the new Chairman of the Board of Directors, taking over from Non-Executive Chairman Roy Bostock.

The Company also announced that its board has reached an agreement with Third Point LLC, the fund that had previously highlighted discrepancies in former CEO Scott Thompson’s educational history. Daniel Loeb, the founder of Third Point, will join the Yahoo! board along with two other Third Point nominees.

Fred Amoroso, the new chairman of the Yahoo! board, said “The Board is pleased to announce these changes and the settlement with Third Point, and is confident that they will serve the best interests of our shareholders and further accelerate the substantial advances the Company has made operationally and organizationally since last August. The Board believes in the strength of the Company's business and assets, and in the opportunities before us, and I am honored to work closely with my fellow directors and Ross to continue to drive Yahoo! forward.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 4839

Tags: yahoo

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement