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Yahoo CEO steps down
Monday May 14, 2012 06:43:16 PM,
IANS
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Washington: Yahoo
chief executive officer (CEO) Scott Thompson has resigned and the
company has named Ross Levinsohn as interim CEO, Yahoo said
Sunday.
The company said its board of directors also appointed Fred
Amoroso as chairman. Both appointments were effective immediately,
Xinhua reported.
"Mr. Levinsohn replaces Scott Thompson, former chief executive
officer, who has left the company," Yahoo said in a statement.
Thompson, former president of eBay's subsidiary PayPal, was
appointed as CEO in January 2012.
According to Xinhua, Thompson was under fire after Yahoo
shareholder Dan Loeb alleged that the CEO does not have a computer
science degree from Stonehill College as claimed for the CEO
position, as well as in regulatory filings to the US Securities
and Exchange Commission.
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