Tuesday, January 13, 2009

Yahoo names Carol Bartz new CEO

As reported by the Wall Street Journal:

Yahoo Inc. is expected to announce that Carol Bartz, former chief executive of software company Autodesk Inc., has accepted an offer to become the Internet company's next CEO, according to people familiar with the situation.

Ms. Bartz still serves as executive chairman of Autodesk, of San Rafael, Calif., which she ran as chief executive from 1992 to 2006. Autodesk is around half the size of Yahoo, with approximately 7,000 employees world-wide.

Ms. Bartz was also an executive at Sun Microsystems Inc. and she sits on the board of Cisco Systems Inc., with Mr Yang. She is also a member of the Intel Corp. board with Yahoo President Susan Decker, who was also interviewing for the CEO job.

What does this mean for Yahoo? I'm really not sure. Bart does not have any significant experience dealing with internet-based companies, but does have a proven management track record. Less swag more pragmatism? I guess so. I've always thought yahoo was pretty much dead and useless, but we'll see in the coming months how this new CEO appointment affects the company.

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