New Delhi: Carol Bartz, Autodesk's former executive chairman, has replaced Jerry Yang as Yahoo's Chief Executive Officer.
Bartz, 60, spent 14 years as Autodesk's CEO before becoming executive chairman in 2006. During Bartz's leadership, Autodesk's share price rose by an annual average of nearly 20 per cent – something which analysts say will hearten Yahoo investors who have seen the value of shares slide dramatically.
At Yahoo!, Bartz's challenges will include adapting from a successful but relatively unknown software company to a struggling media company whose Internet properties used by hundreds of millions of people.
In addition, Yahoo! announced the departure of President Susan Decker.
Bartz is replaced Yang, who stepped down last November after a failed buyout deal with Microsoft.
With Bartz on board, talks between Yahoo and Microsoft could be renewed.
The change of guard at Yahoo! seemed complete with the company also announcing that President Sue Decker, who had been a candidate for the CEO spot, has resigned.
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