"Yahoo! has appointed Marissa Mayer as President and Chief Executive Officer and Member of the Board of Directors effective July 17, 2012," the company confirmed in a rather dry statement.
Mayer was one of the earliest employees with Google, joining the Internet giant in 1999 and becoming the company’s 20th employee.Until recently Mayer was responsible for Local, Maps, and Location Services for Google, however the 37-year-old's credentials are much better than that, having been Google's 20th employee and largely responsible for the development of its flagship search product and iconic homepage for more than 10 years after joining Google in 1999.
Expect Yahoo to start acting a lot more like Google in the future, focusing on technological innovation rather than content. However whether Mayer has the ability to lift the ailing media company from the steady decline it has been experiencing for some time is yet to be seen.
Mayer has been appointed as CEO at this time when company has to deal with certain security issues like the yahoo password dumb released by D33Ds group's hackers recently.
The current interim CEO Ross Levinsohn was the favourite for the role.
Mayer starts work on Tuesday.
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