Levinsohn to Replace Thompson as Yahoo CEO
Company ends proxy fight, names Amoroso chairman
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For most people, a resume helps land them a job. For Scott Thompson, it's what seems to have cost him his as CEO of Yahoo. The Sunnyvale, Calif.-based company said on Sunday that Thompson has stepped down and named Ross Levinsohn his interim replacement. AllThingsD first reported the news earlier that day.
In addition to Thompson’s departure, Yahoo said it has settled the proxy fight with its largest outside shareholder, Third Point. The activist hedge fund had recently been clamoring for Yahoo to shake up its board—offering its own nominees as replacements.