Internet company Yahoo said that its chief financial officer (CFO) and former interim chief executive officer (CEO), Tim Morse, is leaving the company after nearly three years.
Yahoo named Ken Goldman, who is joining the company from cyber security firm Fortinet, as his replacement. “Ken is one of the most accomplished and respected financial executives in the technology industry,” Yahoo’s CEO Marissa Mayer, who moved from Google to Yahoo in July, said in a news release. “Tim has been a trusted leader for Yahoo over the past three years and has expertly guided the company through some key periods as well as our most important strategic deals.”
Mayer also hosted a streaming broadcast to Yahoo employees on 25 September, according to reports, in which she laid out her strategy for the company.
Morse ran the company as interim CEO after Yahoo after Carol Bartz’s departure in September 2011. When Yahoo recruited PayPal’s president, Scott Thompson to replace Bartz, Morse moved back to the role of CFO. Morse will leave the company on 22 October to make way for Goldman.
Goldman has been in management for more than 30 years and has been a CFO with several companies, including Fortinet. He held the same position at Siebel Systems for six years until the business software maker was sold to rival Oracle for US$6.1bn.
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