It?s Official: Yahoo Announces Scott Thompson As Its New CEO

The search is over. Yahoo just named Scott Thompson as its new Chief Executive Officer, effective January 9, 2012. It's been four long months for Yahoo after ousting Carol Bartz in September. With this move, interim CEO Tim Morse, will return to his role as Yahoo's CFO. Thompson comes from PayPal where he served as president at ebay's payment company. As Yahoo points out in the announcement press release, Thompson help grow PayPal into a massive force in the online payment scene. Under his leadership, PayPal grew its user base from 50 million to 104 million active users across 190 countries. It's an impressive feat, no doubt, but Yahoo will certainly present new challenges for Thompson. He's in for a ride.

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