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.