Yahoo! announced that Carol Bartz has been removed as chief executive of the struggling Internet company.
 |
| Yahoo CEO Carol Bartz delivers a speech at the GSMA Mobile World Congress in Barcelona |
Yahoo! on Tuesday said chief financial officer Timothy Morse had been named interim chief executive while the board of directors searches for a replacement for Bartz.
"On behalf of the entire board, I want to thank Carol for her service to Yahoo! during a critical time of transition in the company\'s history, and against a very challenging macro-economic backdrop," Yahoo! chairman Roy Bostock said in a statement.
"The Board sees enormous growth opportunities on which Yahoo! can capitalize, and our primary objective is to leverage the company\'s leadership and current business assets and platforms to execute against these opportunities," Bostock said.
"We have talented teams and tremendous resources behind them and intend to return the Company to a path of robust growth and industry-leading innovation," he said.
Bartz took the Yahoo! helm from co-founder Jerry Yang in early 2009, overhauled the management team and cut costs in a shift away from the company\'s online search roots to becoming a venue for personalized content.
But the Silicon Valley veteran has come under fire for what some say has been a rocky tenure and Yahoo!\'s share price has languished.
