Yahoo has appointed Google executive Marissa Mayer as its next CEO.
"I am honoured and delighted to lead Yahoo, one of the internet's premier destinations for more than 700 million users," said Mayer. "I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalised experiences to users and advertisers all around the world."
Mayer will be the third CEO Yahoo has hired in the space of a year. In September 2011, Carol Bartz was fired from the position after two and a half years. In May this year, Scott Thompson left Yahoo after accusations of a fake computer degree on his CV.
Mayer was responsible for Local, Maps and Location Services at Google, which she joined in 1999. She managed some of Google's most successful innovations, launching more than 100 features and products including image, book and product search, toolbar, iGoogle, Google News, and Gmail.
Yahoo co-founder David Filo said: "Marissa is a well-known, visionary leader in user experience and product design and one of Silicon Valley's most exciting strategists in technology development. I look forward to working with her to enhance Yahoo's product offerings for our over 700 million unique monthly visitors."
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