Yahoo! (YHOO) Names Google's (GOOG) Marissa Mayer as New CEO

July 16, 2012 4:02 PM EDT Send to a Friend
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(Updated - July 16, 2012 4:19 PM EDT)

NYTimes' Dealbook reported late Monday Yahoo! (Nasdaq: YHOO) has named Google's (Nasdaq: GOOG) Marissa Mayer as the new CEO. The former VP of Search Product and User Experience at Google was not one of the several rumored to be likely for the role at Yahoo!.

After closing at $15.65, Yahoo! shares are now up about 2 percent to $16.00.


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