Back in mid-November 2008, Jerry Yang announced that he was stepping down from the position of head of the company. On January 13, 2009, the Sunnyvale Internet giant announced that Yang’s position would be taken by technology veteran Carol Bartz. Bartz is incredibly respected and tapped into the high tech scene with board seats on Cisco Systems, Intel and NetApp. She was also on President Bill Clinton’s Science & Technology Council.
As for Bartz, Yahoo’s press release included her first official statement as CEO:
“Yahoo! is a powerful global brand with a great collection of assets, strong technology, and enormously talented employees. The Company has accomplished a great deal in its relatively short history and I look forward to working together to take it to the next level. There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity.”
