Yahoo taps Google's Mayer as its next CEO

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Sunnyvale, Calif.—Yahoo Inc. has named Marissa Mayer, one of Google Inc's top executives, as its next president-CEO. She was to begin her duties at Yahoo today. Mayer, who joined Google in 1999 as employee No. 20, was the company's VP-local and maps. In that capacity, she oversaw about 1,000 product managers and was also responsible for the look and feel of such products as Google Images, Google News and Gmail. She has also been a high-profile Google spokesperson, evangelist and event keynoter. Yahoo has had four official CEOs over the past five years; the most recent, Scott Thompson, left in May after it was revealed by an activist shareholder that he had exaggerated his academic credentials. Ross Levinsohn has been acting as interim CEO. Mayer said in a statement that she planned to “bring dedicated products, content and personalized experiences to users and advertisers all around the world.”
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