Yahoo CEO Scott Thompson Resigns Amid Bio Controversy
UPDATED: Fred Amoroso becomes chairman and Ross Levinsohn interim CEO as the company reaches an agreement with a dissident shareholder.
Yahoo made things official on Sunday, replacing CEO Scott Thompson amid a controversy over his resume.
The Internet company named Ross Levinsohn interim CEO and Fred Amoroso chairman as it said it has reached an agreement with a dissident shareholder.
The deal with hedge fund Third Point settles a pending contest over board seats.
Amoroso replaces Roy Bostock, who has stepped down from his role as non-executive chairman "to accelerate the leadership transition for the new board," Yahoo said. Bostock had already been rumored to be on his way out.
- Prince Takes Over the 'Arsenio Hall Show,' Debuts New Funky Song
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- 'Noah' Banned in Several Middle Eastern Countries
- Lindsay Lohan's OWN Series Gets First Official Trailer (Video)
- MOST SHARED
- MOST POPULAR
- Pee-wee Herman's Bike From 'Pee-wee's Big Adventure' Sells For $36,600 On eBay
- HUVr Hoverboard Is Not Shipping In December (Or Ever, For That Matter)
- Stratosphere: A Conversation with Matt Sorum and Album Preview
- 'Grey's Anatomy' 'You Got to Hide Your Love Away' Recap: Yang and Owen Back in the Sack