Yahoo names Levinsohn interim CEO

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/13/2012 11:44 pm
NEW YORK (AP) - Yahoo says it is appointing Ross Levinsohn as interim CEO and Fred Amoroso as chairman of its board, effective immediately.

Yahoo says CEO Scott Thompson has left the company. Thompson has been under fire for more than a week over mentions in his resume and company filings of a computer science degree he did not earn.

Amoroso was the board member leading the investigation into inaccuracies on Thompson's resume. Levinsohn is Yahoo's head of global media.

Third Point, the hedge fund that owns a 6 percent stake in Yahoo, has pushed for the changes. Third Point CEO Dan Loeb and two of his nominees will join Yahoo's board. Four directors who had planned to retire at the annual meeting will step down immediately.
Share
Click 'Like' for Central New York news updates:

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.