Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
Yahoo's most recent permanent CEO, Scott Thompson, resigned in May amid allegations of manipulating his educational qualifications, just five months after he was hired.
In a regulatory filing with the Securities Exchange Commission of the US on Monday, the company said that Levinsohn will leave the company effective July 31, 2012.
Yahoo!'s drive to revive its business hit major roadblocks on Tuesday, as the company's talks to sell back most of its stakes in its Asian partners collapsed and a big investor unveiled plans to mount a board fight.
Internet company Yahoo!'s co-founder Jerry Yang has quit the company he founded 17 years ago.
Thompson, who was hired as CEO in January, will be replaced by Ross Levinsohn.
Get your lowdown on what's going on in the world of Hollywood, right here!
Struggling Internet company Yahoo! said it will lay off 2,000 employees as part of a savings plan, a move that would save $375 million in a year for the company.
Jerry Yang, who founded Yahoo along with David Filo in 1995, has left to "pursue other interests outside of Yahoo". Yang, who carried the designation "Chief Yahoo", exited two weeks after Scott Thompson, who used to run eBay's PayPal unit, joined as CEO.
Hiring managers are always looking for ways to weed out candidates and only call the most worthy. How does one make the cut?
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances