Tuesday, July 17, 2012

Yahoo raids Google for 1st woman CEO

SAN FRANCISCO (AFP) - Struggling Internet pioneer Yahoo on Monday named 37-year-old Marissa Mayer, a key Google team member, its new chief executive, raiding its archrival for recruits to chart its turnaround.
Ms Mayer - who was one of Google's first employees and headed products such as Google Maps - is now arguably the most prominent woman in Silicon Valley and a rare female CEO at one of America's largest firms.

The move comes as a surprise after many reports said interim CEO Ross Levinsohn had a lock on the top job.
Effective from Tuesday, the appointment 'signals a renewed focus on product innovation to drive user experience and advertising revenue for one of the world's largest consumer Internet brands,' Yahoo said in a statement.

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