Yahoo Taps PayPal President Scott Thompson as CEO

Chairman Roy Bostock: Yahoo will remain public


Yahoo’s C-suite finally has a new CEO.

Four months after ousting former Yahoo CEO Carol Bartz, the embattled Sunnyvale, Calif., company today announced that Scott Thompson would become the new chief executive, starting Jan. 9. Thompson joins Yahoo from eBay’s PayPal division, where he was most recently president.

During a conference call with analysts following the announcement Wednesday morning, Thompson said that he brings from PayPal a track record of balancing the needs of consumers and advertisers.

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