By Kevin McCauley
Yahoo has named Scott Thompson, who was president of eBay’s PayPal unit, CEO of the digital media company.
Thompson |
He replaces Tim Morse, who is returning to the CFO slot. Morse took the helm following the ouster of Carol Bartz in September.
At PayPal, Thompson helped expand the base of the global online payment service from 50M to 104M active users in 190 countries. Revenues rose from $1.8B to $4B in 2011
Earlier, Thompson was PayPal’s senior VP chief technology officer, executive VP at Visa’s Inovant high-tech operation, chief information officer at Barclays Global Investors and technology staffer at Coopers & Lybrand.
Roy Bostock, Yahoo chairman, believes Thompson’s “deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders,” according to his statement.
Thompson will continue Yahoo’s strategic review, which could lead to its acquisition, investments or asset sale.
Publicis Groupe’s Kekst and Company does corporate media relations for Yahool |