Marissa Mayer, the first female person and the 20th employee to be hired by Google in 1999, parted ways with Google, deciding to take up a new and challenging task by stepping in as the Chief Executive Officer of the troubled company, Yahoo. This is Yahoo’s third CEO in less than a year, and the fifth in the last four years.
The long-time Google executive, Marissa Mayer, will start her new role at Yahoo as she confirmed her appointment by tweeting along with a link to Yahoo’s Press Release.
Mayer says: “I am honored and delighted to lead Yahoo!, one of the internet’s premier destinations for more than 700 million users. I look forward to working with the Company’s dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world.”
Yahoo has been struggling ever since Google and its other competitors have picked up significantly by releasing new and innovative services, while the troubled company was shutting down many of its services. With that, Yahoo has also failed to find a leader for the company in the
recent past, with hiring over several CEOs, including Carol Bartz — who was a nightmare to the company, followed by Scott Thomson — best known for résumé fraud, and the current interim Ross Levisohn.
At Google, Mayer was in charge for services like Local Maps and Location Services at Google, along with supervising products which included Google Maps, Google Earth, Street View and Zagat for desktop and mobile. She comes with great experience from Google, and having been worked for the search engine giant for nearly 13 years, Yahoo is looking forward to shine in the industry and recover from its demoralized financial growth.
Eric Schmidt, Google’s former CEO and current chairman, said, “Yahoo has made a good choice and I am personally very excited to see another woman become CEO of a technology company.
Interestingly, Google closed at $571.98 per share with a loss of -0.79 percent, while Yahoo saw a +1.14 percent change and closed at $15.92 a share.