Yahoo! (YHOO) Confirms Appointment of Marissa Mayer as New CEO

July 16, 2012 4:22 PM EDT
Yahoo! (Nasdaq: YHOO) confirmed the appointment of Marissa Mayer as the company's new CEO, effective July 17th, 2012. Mayer was previously Google's (Nasdaq: GOOG) Vice President of Search Product and User Experience.

Yahoo! said the news "signals a renewed focus on product innovation to drive user experience and advertising revenue..."

Mayer said, "I am honored and delighted to lead Yahoo!, one of the internet’s premier destinations for more than 700 million users. 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."

Yahoo! Co-Founder David Filo said, "Marissa is a well-known, visionary leader in user experience and product design and one of Silicon Valley’s most exciting strategists in technology development. I look forward to working with her to enhance Yahoo's product offerings for our over 700 million unique monthly visitors."

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