Carol Burtz announced as new Yahoo CEO
Yahoo recently announced the former CEO of Autodesk, Carol Bartz as the new CEO, replacing co-founder Jerry Yang, who still will be ‘actively involved’ with the company.
The move also sees Yahoo president Sue Decker resign and will depart the company after a transitional period. Decker is said to have been close supporter of Yang and worked for Yahoo for almost nine years.
Bartz has been criticised as having a lack of experience in the Web 2.0 but Yahoo Chairman Roy Bostock asserted in a statement, that Bartz has the right mix of technology and business acumen to lead Yahoo, as well as a strong leadership style and a proven track record of driving growth, shareholder value and operational excellence.
She is admired in the Valley as well as on Wall Street for her deep management expertise, strong customer orientation, excellent people skills, and firm understanding of the challenges facing our industry, Bostock said.
Yang also praised Bartz, calling her he ideal person to drive Yahoo forward. I believe Yahoos best years are still ahead of it, he said in the statement.
Stock brokers and analysts who cover Yahoo held a mostly optimistic view on the move, praising Bartz past experience and predicting that she will bring discipline to Yahoos ranks.
The move also resurfaces talks that Microsoft might reconsider being interest in a deal with Yahoo.