Yahoo Picks Google's Marissa Mayer as CEO

Yahoo has picked Google's Marissa Mayer as its new CEO, replacing Scott Thompson, the former PayPal president who left the Yahoo post less than six months into his tenure following a controversy about his college education.

Mayer previously worked for Yahoo rival Google, joining the internet giant in 1999 as its 20th employee and first female software engineer. She recently worked on projects including Local, Maps and Location Services, helping the firm to develop products including Google Earth, Street View and Local Search.

"The Board of Directors unanimously agreed that Marissa's unparalleled track record in technology, design, and product execution makes her the right leader for Yahoo! at this time of enormous opportunity," says Fred Amoroso, chairman of Yahoo's board of directors.

"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users. I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world," says Mayer.

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