Yahoo Inc picked Google Inc’s Marissa Mayer to become its new CEO,turning to an engineer with established Silicon Valley credentials to turn around the struggling former Internet powerhouse
Mayer,37,edged out fromt-runner and acting chief executive Ross Levinsohn to becme Yahoo’s third CEO in a year.She happens to stem losses to Google and Facebook-which her high profile predecessors failed to do.
Her hiring signaled the Internet company is likely to renew its focus on the web technology and products rather than beefing up online content
Mayer, Google 20th employee and first female engineer, has led a number of its business and credited for envisioning the clean, simple Google search interface still in use today,a major selling point for web surfers.
Also know for her love of fashion and a regular on the society pages, she joins the extremely thin ranks of female Silicon valley CEOs and told reuters that she was immediately interested when Yahoo’s board reached out of her mid-June.”This is a year competitive and a tough space. I don’t think that success is by any means guaranteed,” she said.”My focus is always end-users,great technology and terrific talent.”
Sares of Yahoo,wirth less than half their value during its dotcom heyday,gained 2% to $15.9 in after-Hours trading.
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