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Yahoo!: CEO Terry Semel Steps Down

There is a major change in the Yahoo! executive board room. Terry Semel has stepped down as the Chief Executive Officer. Jerry Yang assumes the leadership of Yahoo!:

“…Kozel continued, “We believe there is no better person in the world to run Yahoo! now than our visionary co-founder Jerry Yang, who has helped build and run this company over the past 12 years. Jerry provides phenomenal strategic, technical, product and market leadership, has developed important relationships with major business partners, and has defined and nurtured Yahoo!’s unique, winning culture. As the public face of Yahoo!, Jerry has been instrumental in attracting world-class talent to the company at all levels. In our new President Sue Decker, Jerry has the perfect partner.”

Link: Yahoo! Co-Founder Jerry Yang Named Chief Executive Officer

One can’t help but wonder if this is a response to the recent concerns expressed at the shareholders’ meeting.

Catherine Forsythe

[tags]yahoo, terry semel, jerry yang, executive changes, stockholders[/tags]

3 Comments

[...] YouTube Link to Article Yahoo: CEO Terry Semel Steps Down » Posted at New Tech News Blog Network ~ Lockergnome on Monday, June 18, 2007 Author Avatar There is a major change in the Yahoo executive board room. Terry Semel has stepped down as the Chief Executive Officer. Jerry Yang assumes the leadership of Yahoo: “…Kozel continued, “We believe there is no better person in the world to run Yahoo! now than our visionary co-founder Jerry Yang, who has helped build View Entire Article » [...]

[...] YouTube Link to Article Yahoo: CEO Terry Semel Steps Down » Posted at New Tech News Blog Network ~ Lockergnome on Monday, June 18, 2007 [ Author Avatar]There is a major change in the Yahoo executive board room. Terry Semel has stepped down as the Chief Executive Officer … Identity Theft: Security Breach at Stony Brook University Yahoo!’s CEO Publicly Disses [...]

[...] Yahoo: CEO Terry Semel Steps Down There is a major change in the Yahoo executive board room. Terry Semel has stepped down as the Chief Executive Officer. Jerry Yang assumes the leadership of Yahoo: “…Kozel continued, “We believe there is no better person in the world … Lockergnome Nexus - http://www.lockergnome.com [...]

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