Posts Tagged ‘jerry yang’

Yahoo has announced Carol Bartz, 60, to succeed Jerry Yang as the CEO of Yahoo. Bartz is a respected tech veteran who served in Autodesk as the CEO from 1992-2006. Autodesk is a software company which grew from $300 million to $1.5 billion during her 14 years of service. Autodesk’s stock price during that tenure grew ten-folds. She also comes with past experience as an executive at other major tech companies such as Digital Equipment Corp, Sun Microsystems, and currently serves on the board of Cisco Systems and Intel Corp.
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Word on the online world is that Sean Suchter, Yahoo’s top search engineer has left Yahoo the day after Jerry Yang stepped down as CEO. Yang was well known for his dedication to Web Search with his strong, perhaps stubborn efforts to grow this sector of Yahoo’s business including the rejection of Microsoft’s bids.

The tipster who gave this information to valleywag.com, states

“Today is the end of Yahoo Search. Sean Suchter just left for Microsoft. Everyone in the office is shocked. I’ve been on the Yahoo Search team for a while and he is the one key executive that it all depends on. If Microsoft has convinced him to leave and join them, they won’t need to buy Yahoo Search. We will just all join Microsoft anyway. I am definitely going to send him my resume.”

Suchter apparently commanded a lot of loyalty and respect from the Yahoo search group. Yahoo has already lost a search executive, Qi Lu, to Microsoft. Will there be more to come? Could Microsoft end up hiring it’s way into Yahoo’s search business?
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Yahoo’s cofounder Jerry Yang will step down as CEO and return to his former role as Chief Yahoo. Yahoo Board of Directors has initiated a search for a replacement. Jerry will transition as soon as they appoint a successor.

Yang, 40, has been the CEO since June 2007 when the Board of Director requested that he take the lead role. He has led Yahoo through a strategic repositioning and transformation of its platform. However Yahoo has struggled this year with plummeting stock value starting with the rejection of Microsoft’s attempt to acquire Yahoo. Recently the Yahoo Google deal also fell through.
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