AIRLINK 164.00 Decreased By ▼ -1.36 (-0.82%)
BOP 10.58 Increased By ▲ 0.19 (1.83%)
CNERGY 8.40 Increased By ▲ 0.57 (7.28%)
FCCL 47.24 Increased By ▲ 1.59 (3.48%)
FFL 15.30 Increased By ▲ 0.18 (1.19%)
FLYNG 26.45 Decreased By ▼ -0.03 (-0.11%)
HUBC 137.19 Increased By ▲ 1.91 (1.41%)
HUMNL 12.99 Increased By ▲ 0.14 (1.09%)
KEL 4.30 Increased By ▲ 0.11 (2.63%)
KOSM 5.63 Increased By ▲ 0.16 (2.93%)
MLCF 60.80 Increased By ▲ 1.37 (2.31%)
OGDC 215.60 Increased By ▲ 2.53 (1.19%)
PACE 5.54 Increased By ▲ 0.13 (2.4%)
PAEL 41.89 Decreased By ▼ -0.12 (-0.29%)
PIAHCLA 17.65 Increased By ▲ 0.60 (3.52%)
PIBTL 10.22 Increased By ▲ 0.29 (2.92%)
POWER 11.88 Increased By ▲ 0.09 (0.76%)
PPL 174.68 Decreased By ▼ -0.11 (-0.06%)
PRL 35.65 Increased By ▲ 1.29 (3.75%)
PTC 22.95 Increased By ▲ 0.25 (1.1%)
SEARL 95.08 Increased By ▲ 1.33 (1.42%)
SSGC 36.47 Increased By ▲ 0.36 (1%)
SYM 14.00 Increased By ▲ 0.52 (3.86%)
TELE 7.27 Increased By ▲ 0.15 (2.11%)
TPLP 10.25 Increased By ▲ 0.04 (0.39%)
TRG 61.93 Increased By ▲ 1.00 (1.64%)
WAVESAPP 10.39 Increased By ▲ 0.11 (1.07%)
WTL 1.31 Increased By ▲ 0.03 (2.34%)
YOUW 3.72 Increased By ▲ 0.02 (0.54%)
BR100 12,388 Increased By 74.4 (0.6%)
BR30 36,995 Increased By 487.9 (1.34%)
KSE100 115,532 Increased By 623 (0.54%)
KSE30 35,662 Increased By 120.4 (0.34%)

 SAN FRANCISCO: Yahoo! announced Monday it had named 37-year-old Marissa Mayer, a key Google team member, as its chief executive, making her among the most prominent women in technology and corporate America.

The appointment effective Tuesday "signals a renewed focus on product innovation to drive user experience and advertising revenue for one of the world's largest consumer Internet brands," Yahoo! said in a statement.

The move comes as a surprise after many reports said interim CEO Ross Levinsohn had a lock on the top job.

"I am honored and delighted to lead Yahoo!, one of the Internet's premier destinations for more than 700 million users," Mayer said in a statement.

"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."

At Google, Mayer was responsible for local and geographical products including Google Maps, Google Earth, Zagat, Street View, and local search for desktop and mobile.

She joined Google in 1999 as its 20th employee "and led efforts for many of Google's most recognizable products, including the development of its flagship search product and iconic homepage for over 10 years," the statement said.

She also "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," according to the statement.

Mayer told The New York Times she "had an amazing time at Google" over the past 13 years, but that she opted to go to Yahoo! because it is "one of the best brands on the Internet."

Levinsohn took over in May when Scott Thompson was ousted in the face of controversy about an inflated resume.

Last week, shareholders endorsed the struggling Internet firm's overhauled board of directors and called for a fresh plan to compete against rivals such as Google and Facebook, but made no announcement about a chief executive.

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed.