Marissa Mayer Leaves Prominent Google Position to Become Yahoo's Latest CEO
July 16, 2012 4:58 PM
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Google's loss is Yahoo's gain
In what seems like an
ever-revolving door of new CEOs
, Yahoo appears to have landed a winner with its latest chief executive. Yahoo today announced that it snagged a high-profile executive from Google: 37-year-old Marissa Mayer. Mayer was one of the first females hired at Google way back in 1999 (she was the 20th employee hired), and rose to the position of Vice President of Local, Maps and Location Services.
As President and CEO of Yahoo, Mayer will be in charge of reviving/expanding the site's many properties including Yahoo! Finance, Yahoo! Sports, Yahoo! Mail, and Yahoo! Search.
"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users," said Mayer. "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."
According to a report from the
New York Times
, Mayer resigned this afternoon from Google via telephone. Her first day at Yahoo begins tomorrow.
Marissa Mayer was one of Google's first employees, and the first female engineer. She served the company for 13 years. [Image source: Newsweek]
Yahoo's last CEO, Scott Thompson, stepped down in May after
controversy surrounding his college degree were brought to light
. Yahoo is quick to point out that Mayer has a B.S. in Symbolic Systems and a M.S. in Computer Science from Stanford University.
New York Times
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Nothing insightful, at all?
7/16/2012 7:55:50 PM
Yahoo! has plenty of opportunities, still, especially if they can align themselves with other powerhouses. Tackling Google head on in Search is a bad idea, but partnering with FaceBook to power FaceBook email, for example, wouldn't be.
The real problem is that Yahoo! has to acknowledge it's own set of strengths; it's ability to write software as a service, and then utilize it. They might have to move to Amazon as a HW platform instead of using their own (and if they grow big enough, of course, go back to DIY to minimize costs), or possibly Windows Azure if they provide better bang for the buck.
Of course if they really are going to become great software as a service, they need to translate them into apps and get them preloaded onto phones and tablets!
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
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