Yahoo CEO steps down

Yahoo CEO Scott Thompson steps down from his post following reports of errors in his resume.

Ross Levinsohn, took over today as Yahoo's interim chief executive.


Ross Levinsohn: Yahoo interim CEO
(Credit: Reuters)

Fred Amoroso replaces Roy Bostock as Chairman of the Board of Directors.

"The Board is pleased to announce these changes and the settlement with Third Point, and is confident that they will serve the best interests of our shareholders and further accelerate the substantial advances the Company has made operationally and organizationally since last August. The Board believes in the strength of the Company's business and assets, and in the opportunities before us, and I am honored to work closely with my fellow directors and Ross to continue to drive Yahoo! forward," said Fred Amoroso, Chairman of the Yahoo! Board of Directors.

More on this here.

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