Yahoo has been in a state of flux for more than a year, with a number of major reshuffles at the top management levels. After Carol Bartz was booted out for failing to turn around Yahoo, Scott Thompson handled the reins at the ailing Internet giant.
However, even he was shown the door rather quickly after it was discovered that he had fudged some details on his resume, falsely stating that he had a computer science degree instead of an accounting one. Soon after that Ross Levinsohn took over as interim CEO, and last week, Marissa Mayer finally took over as CEO and Yahoo seems to hopefully be on the road to recovery.
Anyway, despite his not having a computer science degree, Scott Thompson had some stellar experience as President of PayPal, and helped grow the global business significantly.
Today, it was revealed that he has been appointed the CEO of ShopRunner.
The official statement says:
“ShopRunner, the leading shopping network of merchants joined together to deliver powerful multi-channel shopping services for consumers, today announced that it has named Internet and payments executive Scott Thompson its Chief Executive Officer. Scott joins ShopRunner at a time when the company is enjoying a fast growth trajectory and represents the ideal time to bring on a new leader to further accelerate the company’s expansion. Current CEO and co-founder Mike Golden will continue with the company as its president.”
Apparently, he was already on the Board of Directors of ShopRunner.
He also has an updated bio, which skirts clear of any mention of his Yahoo! debacle or his college degree.
“Most recently, Scott Thompson was CEO of Yahoo!. His career includes leadership positions in the Internet and payment industries including serving as the President of PayPal with overall responsibility for growing the global payment brand. Under his leadership, Thompson turned PayPal into a massive force, growing its user base from 50 million to 104 million active users across 190 countries and having over 8 million merchant partners in its network. Thompson also held positions as PayPal’s senior vice president and chief technology officer, overseeing information technology, product development, and PayPal’s architecture. Prior to PayPal, Mr. Thompson held executive positions with Inovant, a subsidiary of Visa, Barclays Global Investors and Coopers and Lybrand.”
ShopRunner combines a network of retailers to deliver better shopping services and faster shipping to paying customers. It offers free two day shipping across the network of retailers, as well as easier returns.