Four months after ousting it's CEO, Yahoo! has announced Scott Thompson as their new CEO. Scott Thompson was acting as president of Paypal division at eBay. Scott Thompson will be in office starting 9th of January.
"Scott brings to Yahoo a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo," chairman Roy Bostock said in a statement.
"His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders."