Yahoo! names Google's Mayer as new CEO

July 17, 2012 03:38

Yahoo! named 37-year-old Marissa Mayer, a key Google team member, as its chief executive, making her among the most prominent women in technology and corporate America.

The appointment effective Tuesday "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 here yesterday.

The move comes as a surprise after many reports said interim CEO Ross Levinsohn had a lock on the top job at the struggling Internet pioneer. "I am honored and delighted to lead Yahoo!, one of the Internet's premier destinations for more than 700 million users," Mayer said in a statement.

"I look forward to working with the company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

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