Yahoo! extends shakeup with new finance chief

Sep 25, 2012
People look over a new Yahoo mobile website at the 2008 International Consumer Electronics Show in Las Vegas. Yahoo! named Ken Goldman as chief financial officer as the struggling Internet giant extended its shakeup under new chief executive Marissa Mayer.

Yahoo! on Tuesday named Ken Goldman as chief financial officer as the struggling Internet giant extended its shakeup under new chief executive Marissa Mayer.

Goldman will start his job October 22 and will replace Tim Morse, who has been with the company since June 2009.

The new finance chief "will be responsible for Yahoo!'s global finance functions including financial planning and analysis, controllership, tax, treasury, and investor relations," a company statement said.

He will report directly to Mayer.

Goldman held a similar job at Fortinet, a provider of threat management technologies.

"Ken is one of the most accomplished and respected financial executives in the technology industry having served as a CFO for more than 25 years, and we're thrilled to have him join Yahoo!" said Mayer.

"His track record leading the financial strategy and stewardship of many successful public and private companies makes him an ideal choice for Yahoo! as we enter our next phase of growth."

The move comes amid reports that Mayer, who came from Google in July to turn around Yahoo!, was unveiling a new strategy for the longtime Internet pioneer.

A Yahoo! spokesman declined to comment on the reports.

Yahoo! has been trying to reinvent itself since the once-flowering Internet search service found itself withering in Google's shadow.

Explore further: Verizon reports higher 3Q net income, revenue

add to favorites email to friend print save as pdf

Related Stories

Yahoo picks a new CFO likely to shake things up

Jun 12, 2009

(AP) -- Yahoo Inc. has hired a cost-cutting specialist as its new chief financial officer, signaling the Internet company's determination to weed out the bureaucracy that has been dragging down its profits for the past three ...

New Yahoo! CEO Mayer pregnant

Jul 17, 2012

Marissa Mayer, the former senior Google executive who on Tuesday will take over the reins of Internet pioneer Yahoo!, is pregnant and expecting the baby in October. ...

Possible CEOs to succeed Carol Bartz at Yahoo

Sep 07, 2011

(AP) -- The search has now begun for a person willing to lead one of the world's most popular Internet properties, Yahoo Inc., whose problems have deepened under its three previous leaders.

Recommended for you

Verizon reports higher 3Q net income, revenue

39 minutes ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

8 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

Facebook sues law firms, claims fraud

20 hours ago

Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

User comments : 0