January 2009
Yahoo! has appointed Carol Bartz, a veteran technology executive who was most recently Executive Chairman of Autodesk, its Chief Executive Officer and a member of the Board of Directors, effective immediately.
Before her role as Executive Chairman of Autodesk in 2006, Bartz, 60, was its CEO for 14 years, transforming the company into a leader in computer-aided design software.
During her tenure as CEO, revenues increased from less than $300 million to more than $1.5 billion, and the company's share price increased nearly ten-fold.
In addition to turning around Autodesk, Bartz's extensive executive experience includes hands-on responsibility for leading global operations, engineering, sales and marketing organizations for large technology and engineering companies including Sun Microsystems, Digital Equipment Corporation and 3M.
"On behalf of the entire Board, I would like to thank Jerry Yang for acceding to our request 18 months ago to step into the CEO role. Jerry's unwavering enthusiasm for Yahoo!, his unique perspective on the company, and iconic stature in the industry make him an invaluable resource for the future. We are delighted that he plans to stay actively involved and are deeply grateful for his many contributions to the company's development over the years," said Roy Bostock, Chairman of the Board.
Yahoo! also announced that President Sue Decker has informed the Board that she will resign after remaining with the Company for a transitional period.
Carol Bartz has been the Lead Independent Director of Cisco Systems since 2005 and a director since 1996. She also currently serves on the Board of Directors of Intel Corporation and NetApp.
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