Finally the impossible has happened! Yahoo has managed to find a New CEO to replace Jerry Yang. According to Wall Street Journal, Carol Bartz, former chief executive of software company Autodesk Inc., has accepted an offer to become Yahoo’s next CEO.
Wall Street Journal writes:
Ms. Bartz, 60 years old, will face a number of challenges as she tries to turn around Yahoo’s flagging performance and stock price. Some investors have been lobbying for a break-up of the Internet giant, for instance. Yahoo faces tough competition from Internet rivals such as Google Inc.
TechCrunch speculates that Bartz is most definitely an ally of founder and outgoing CEO Jerry Yang as they both sit on Cisco’s board. Bartz also sits on Intel’s board with Yahoo president Susan Decker. So this shows that she really has some strong connection with existing Yahoo’s management team.
Yahoo is yet to release any official statement on this regard. So I’ll try to keep an eye on the Yahoo’s Corporate Blog for latest updates.
Don’t worry, like always I’ll keep you informed! So what do you think of Yahoo’s New CEO? What would be her possible strategy & Goal – Save yahoo or Sell yahoo?
Yahoo is in a good position — if it builds a decent news feed like what friendfeed and facebook have and does it quickly. That is the key to integrating all of its services together (and giving its sexy services like Flickr and Upcoming.org a shot).
John Battelle highlights that Bartz does have a lot of media experience even though she may have a lot of experience in other parts of the technology world.
Yahoo needs a stronger suite of media-savvy executives now that Weiner and Rosensweig are gone.
Catch more discussion on this topic @ Techmeme.
Update: CNBC has confirmed that Bartz is taking the job! CNBC writes:
Shares initially climbed about 1 percent on the news but quickly settled back as investors began to digest whether Bartz would indeed be the best executive at the right time for the struggling internet pioneer. Speculation about Bartz transition into Yahoo’s C-suite began circulating last week, and while her name initially sparked raised eyebrows