Marissa Mayer Leaves Prominent Google Position to Become Yahoo's Latest CEO
July 16, 2012 4:58 PM
comment(s) - last by
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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7/17/2012 10:49:36 AM
While most states have "right to work" laws, meaning that you can resign at any point without notice (or that the company can terminate you at any time), I'd bet there is a non-compete contract in there somewhere.
I highly doubt a company like Google doesn't have their executives under a non-compete and intellectual property agreements. Extra contracts like that are legal and enforceable.
7/17/2012 3:54:10 PM
They are, and if she was on one for sure they would implement it. Outside of that though they don't have any recourse. My bet is she wasn't on one, as companies with only 20 employees rarely think they are going to hit it big and need a no compete.
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