Yahoo announced its new chief executive today, naming PayPal President Scott Thompson to become its new leader and a board member starting on Monday.
"Scott brings to Yahoo a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo," Chairman Roy Bostock said in a statement today, capping off a four-month search.
Thompson said in a statement that he wants to "deliver Yahoo's next era of success" by dealing with both Yahoo advertisers and users. The statement continues:
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