Yahoo CEO Semel steps down, Yang takes over
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Blog: The company names co-founder Jerry Yang to be CEO, as Terry Semel shifts to a role as nonexecutive chairman.
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Terry Semel is leaving his post as Yahoo's non-executive chairman, six months after resigning as CEO.
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It's very clear now that one of Yahoo's principal goals in this latest reorganization, led by once-and-future CEO Jerry Yang and newly elevated President Susan Decker, is to distinguish itself from Google rather than catch up to it.
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Mitchell Baker has stepped down as the CEO of Mozilla Corporation, where she helped make the Firefox Web browser a potent rival to Microsoft&#39;s Internet Explorer.Baker is handing over the CEO job to John Lilly, Mozilla&#39;s chief operating officer, who becomes responsible for pushing out the updates to Firefox and Mozilla&#39;s Thunderbird e-mail software, the company announced Monday. Baker will retain her role as chairman and stay active within the group, she said.Baker has been with Mozilla since its inception. She was an attorney with Netscape Communications in the late 1990s when it created the Mozilla Organization, and she stayed with the group after AOL bought Netscape and helped to create the Mozilla Foundation in 2003.Since then the open-source browser has built a worldwide market share of about 15 percent, according to estimates, and as high as 30 percent in some European markets. Mozilla says it now has 125 million Firefox users worldwide.In a blog posting Monday, Baker said she&#39;d been thinking for some time about the best way to use her time and about which of her duties could be handled equally well by someone else. Those duties, it turns out, are the day to day management of Mozilla&#39;s software, while Baker sees a wider role for herself in improving the Web experience for end-users.&quot;I have a vision of the Internet and online life and a positive user experience -- and of Mozilla&#39;s role in creating these -- that is far broader than browsers, e-mail clients and even technology in general,&quot; she wrote.She said she&#39;ll focus on efforts to make the Web standards process more effective, make security &quot;understandable enough that people can protect themselves,&quot; and encourage more &quot;hybrid&quot; organizations like Mozilla -- &quot;organizations which serve the public benefit but support themselves through revenue rather than fund-raising.&quot;&quot;I want Mozilla&#39;s influence on the industry to go beyond the bits we ship as software. More particularly, I want to use the impact Firefox gives us in the market to get openness, collaboration and user control embedded in other products, services and aspects of online life,&quot; she wrote.Lilly, her replacement, will be focused on getting the next version of Mozilla&#39;s Web browser, Firefox 3, out of the door. He also wants to be more open about how Mozilla operates and how it will support itself in the future. &quot;I&#8217;d like us to start talking more in public about how the future looks for Mozilla,&quot; he wrote on his blog.Baker remains chairman of both the Mozilla Foundation, the non-profit side of the project, and the Mozilla Corporation, which was formed a few years ago to help raise funds and manage product releases.&quot;I&#39;ve been involved in shipping Mozilla products since the dawn of time, and have no intention of distancing myself from our products or [Mozilla Corporation,]&quot; Baker wrote.
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Yahoo Inc. on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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Terry S. Semel, the ex-chief executive  who is credited with reviving Yahoo and then losing touch, is leaving the companyâs board.
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Yahoo Inc. Chairman Terry Semel ended his six-year tenure as chief executive officer Monday and will hand over the reins to co-founder Jerry Yang in the Internet icon's latest attempt to regain investor confidence. Semel, 64, will remain chairmain in a non-executive role.
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Yahoo! hopes to mimic Apple's success: the maker of the iPod famously rehired its founder to deliver technological inspiration. Now it is Yahoo!'s turn. The internet giant has appointed Jerry Yang (pictured right), its 38-year-old co-founder, as chief executive, to lead the fight against Google.
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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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Yahoo Chairman Terry Semel ended his six-year stint as chief executive officer Monday and will hand over the reins to co-founder Jerry Yang in the Internet icon&#39;s latest attempt to regain investor confidence. Semel, 64, will remain chairmain in a non-executive role.
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Yahoo Inc  nonexecutive Chairman Terry Semel is leaving the board, the Internet company said on Thursday, announcing the end of its formal ties with the ex-CEO credited with reviving the company and then losing touch.
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Terry Semel stepped down as Yahoo Inc.'s chairman Thursday, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure.
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Says goodbye! to chief operating officer Yahoo!'s chief operating officer Daniel Rosenweig and entertainment group head Lloyd Braun are both leaving the company.â¦
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Yahoo Inc. said head of sales Gregory Coleman is leaving the company, the latest casualty of a management shakeup following three years of slowing revenue growth and market share losses to Google Inc.
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Terry Semel is stepping down as Yahoo&#39;s non-executive chairman, six months after handing over his CEO title to Jerry Yang.Semel is leaving the board effective immediately, Yahoo announced Thursday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo&#39;s co-founders, was made CEO, and Semel was demoted to non-executive chairman.As CEO, Semel helped to build Yahoo&#39;s audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year&#39;s reorganization.&quot;With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board,&quot; Semel said in the statement.He approached the board several months ago about leaving once a replacement could be found, Yahoo said.Bostock has a long history in the advertising industry, &quot;an area that is more important than ever to Yahoo&#39;s business and our long term success,&quot; the company said.On Tuesday&#160;Yahoo reported that net income for its fourth quarter declined&#160;to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.Semel&#39;s departure from the board appears to mark the end of his tenure at Yahoo. Yang thanked him for &quot;his many contributions to Yahoo over the years&#160;-- and for helping to lay a firm foundation for future success and improved financial performance.&#8221;Bostock has been a board member at Yahoo since May 2003 and was elected unanimously by the board to replace Semel. From 1990 to 2000 he was chairman and CEO of D&#39;Arcy Masius Benton &amp; Bowles, and its successor advertising company The MacManus Group.
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Yahoo Inc  nonexecutive  Chairman Terry Semel is leaving the board, the Internet company  said on Thursday, announcing the end of its formal ties with  the ex-CEO credited with reviving the company and then losing  touch.
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BREAKING NEWS - After what may have been the weakest show of support for the company's executive team in last week's shareholders' meeting, Terry Semel has resigned the post of CEO of Yahoo this afternoon, as has accepted the post of non-executive chairman of the company's board of directors.