Jason Kilar, CEO of Hulu, has taken himself out of the running for the Yahoo CEO position.
“As has been reported, Jason Kilar has been a focus of the Yahoo CEO search committee," a Hulu spokesperson said in a statement to Adweek on Friday. "He has graciously declined to be considered.” The company said it wouldn't be commenting further on the rumors.
Kilar and current Yahoo interim CEO Ross Levinsohn were reportedly the final two candidates on a shortlist that at one time included Jonathan Miller, News Corp.'s chief digital officer, who similarly recused himself from consideration.
That may mean that the job is Levinsohn's by default; he's the last man standing in a group that included several of his peers (and personal friends—Miller and Levinsohn ran investment firm Fuse Capital together).
And Levinsohn has clearly been trying to prove value to Yahoo during his stint as interim CEO. During his tenure, the company came to terms with Facebook over a patent lawsuit Yahoo filed against the newly-public social media company. He also managed to sell a big chunk of the company's 40 percent stake in the Alibaba Group to the tune of $7.1 billion, freeing up some much-needed cash.
With the company averaging one CEO a year, a need for continuity is undoubtedly apparent to Yahoo's board, and a face-off between Kilar and Levinsohn isn't the kind of publicity Yahoo needs, especially not lately (Yahoo's last CEO, Scott Thompson, quit in May amid accusations that he'd fabricated his college degree).
So Levinsohn may not merely be the right man for the job, but the only man for the job.