Heave-Hoo! Yahoo's Semel Out As CEO

Breaking news from late yesterday:

Yahoo! Co-Founder Jerry Yang Named Chief Executive Officer

Terry Semel Named Non-Executive Chairman
Sue Decker Named President
Yang and Decker to Focus on Realizing Yahoo!’s Strategic Vision by Accelerating Execution, Further Strengthening Leadership and Fostering a Culture of Winning

Sunnyvale, Calif., June 18, 2007 — Yahoo! Inc. (Nasdaq: YHOO), a leading global Internet company, today announced that the Board of Directors has appointed Jerry Yang, Yahoo! co-founder and long-time board member, as Chief Executive Officer.

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