Yahoo co-founder Yang to replace Semel as CEO
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Yahoo Inc. on Monday tapped co-founder Jerry Yang to replace Chief Executive Terry Semel, bowing to investor pressure as the Internet media company has failed to keep up with rival Google Inc..
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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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But the market expected it! Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.â¦
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Yahoo Inc. thinks it's back on the right track now that co-founder Jerry Yang has replaced Terry Semel as chief executive, but analysts and investors already are wondering whether the shake-up is just a prelude to more radical measures, including a possible sale or breakup of the troubled Internet icon.
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Yahoo CEO Jerry Yang Monday said Yahoo&#39;s goal for being users&#39; Internet home page is to keep it simple, and his pared-down first-time CES keynote appearance as the company&#39;s top executive reflected that.
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(InfoWorld) - Terry Semel ended his six-year run as Yahoo's CEO on Monday, and the company's co-founder Jerry Yang will take over from him, the company said. Semel has been the focus of intense criticism in the past two years due to Yahoo's inability to capitalize as much as expected on the fast-growing market for search engine advertising. By contrast, Google has enjoyed eye-popping revenue growth and enviable profits almost exclusively from the search advertising market. Last week, at Yahoo's annual shareholder meeting, Semel fielded stinging criticism from shareholders in attendance, leading to tense exchanges at times. Semel resigned from his position as CEO and chairman and will become the role of non-executive chairman and serve as advisor to the management team. Semel became chairman and CEO in May 2001. The board of directors appointed Yang, who cofounded the company 12 years ago, as CEO, and Susan Decker, former executive vice president and head of Advertiser and Publisher Group, as the company's president. In a webcast, Semel said he had told the board that he wanted to step back from his executive role "sooner rather than later" and that he and the board agreed this would be a good time for him to step down as CEO. "I've long been talking to the board about the importance of ensuring a smooth succession to Yahoo's senior leadership," Semel said. Semel expressed full confidence that Yang and Decker are the right people to carry Yahoo "through its multiyear transformation" while acknowledging that the past year has been a difficult one for Yahoo and that no one in Yahoo's management has been satisfied with the company's performance. (More to follow.)
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Yahoo Inc confirmed on Friday that Chief Marketing Officer Cammie Dunaway, a member of the Internet media company's executive team, was leaving the company, effective November 2.
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Yahoo said Sunday that Wenda Harris Millard, its longtime chief sales officer, is leaving amid a reorganization of Yahooâs sales team.
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Following investor pressure for a management shake-up, Yahoo Inc. Chairman and Chief Executive Terry Semel is stepping aside and will be replaced as CEO by co-founder Jerry Yang, Yahoo said on Monday, sending shares up 3.5 percent in extended trade.
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YAHOO co-founder Jerry Yang today took over as chief executive following the ousting of Terry Semel.   Semel quit last night after attracting increasing investor wrath as Yahoo lags behind arch-rival Google by almost all measures.
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Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. &#151; a losing battle that had demoralized Yahoo's shareholders and employees.
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Bleeding market share, managerial talent and investor confidence, Internet giant Yahoo on Monday replaced chief executive Terry Semel with company co-founder Jerry Yang.
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Yahoo's top sales executive is on his way out, and a new global sales organization has been created.
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Now that he has taken over as chief executive officer of the company he co-founded, Jerry Yang has plenty of problems to fix. The new CEO of Yahoo! (YHOO) isn't going to find any quick Google-(GOOG)slayer.
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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. on Monday tapped co-founder Jerry Yang to replace Chief Executive Terry Semel, bowing to investor pressure as the Internet media company has failed to keep up with rival Google Inc.
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Terry Semel ended his six-year run as Yahoo Inc.'s chief executive officer on Monday, and the company's co-founder Jerry Yang will take over from him, the company said.