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Mayer to bring glamour and expertise to Yahoo! as new CEO

Tuesday, July 17, 2012 - 04:07

In a suprise move,Yahoo names Google's Marissa Mayer as its new CEO. Reuters Technology Correspondent Gerry Shih says she is one of the most charismatic executives in Silicon Valley.

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I stunning development of filled executive suite at Yahoo!. Marissa Mayer is resigning from Google to become the news CEO of Yahoo!. The third CEO for the company in a year joining us now from San Francisco bureau is Reuters technology correspondent Jerry should. Now had Jerry where's -- there's been in the public not she's only vice president there just exactly who is listening here. Or worse than they're currently the vice president and Google in charge of that local products. The really remarkable thing about this whole announcement that she's one of the companies really high profile executives she's almost synonymous with the company. Like it Larry Page are certain brands she joined in 1999. As its first female engineers and I think that number twentieth -- will be over. When you're just what does she bring Yahoo! that the company doesn't. Well I think -- is one of the very charismatic executives in Silicon Valley it's something I think it's indexing. From Yahoo! in recent years it's kind of and turn this steep decline it's lost a lot of its luster once. One of the dominant portals and Internet it's now being overtaken by companies like Google. In FaceBook in hopefully -- Can bring some. The glamour if you go back to the company as well as a lot of technical expertise. If this -- what sort expertise will she bring. Well she for many years and charges of Google's core search business. Now in recent years Yahoo! has kind of moved away. From searches -- partnership which is. Microsoft kind of handles of their search functions it's been aligning itself more -- the media company. Now observers will certainly be looking into this hired to see -- Yahoo! will make some more planes in. More central technical. Aspects of -- -- you a lot of players in that corner office in just one year's span. What does she need to do to turn Yahoo! around. Well she said that she wants the look at salute Yahoo!'s existing. Business property has done well including mail including finance Yahoo! News of course owns many. A successful online media properties including Yahoo! Sports. And it's going to be up to herd of really strike advertising partnerships. To get the most out of what -- -- and rest with. It. And do you think Major League Google. It's hard to say you know there's there's a lot of people reading into it. It kind of that the palace intrigue if you will. There was a lot of chatter in 2000 and win another. Senior Google executive. Took a job. And commerce that in many people thought that Marissa -- Take. And since then there's been some rumblings about. As the fact that you know her ascension. To the very top of the organization of the path that is quite clear. And so now we know about what next that was going to be can be outside of the company and we'll Jerry Tucker must still inside a company that palace intrigue you're talking about it extends to interim CEO Ross Levenson what does all this mean for him. Well a source close to the situation has told Reuters that. Marissa Mayer will. Likely seek to keep Russell -- and inside the company it's not clear what that role will be you think he'll stay. If that's unlikely you know this -- obviously made some big lose that as secure as -- permanent basis of course. Sealed. Such as the federal lawsuit FaceBook. Just in the recent weeks. -- -- has spun -- our stake in Alibaba. The Chinese company. And so had a couple of accomplishments. Under his belt. But I guess that was enough board decide they want it's completely. -- thanks sloppy join Gerri your thoughts. Of course things I think to Reuters technology correspondent Jerry Sheehan San Francisco I'm Fred Katayama and this is Reuters.

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Mayer to bring glamour and expertise to Yahoo! as new CEO

Tuesday, July 17, 2012 - 04:07