The long wait to fill the shoes of fired Yahoo CEO Carol Bartz is over and her successor is Paypal President Scott Thompson.
Thompson will begin in his new role on Monday where he will enter the company during a time when they are attempting to figure out the next course of action. Yahoo has floated the possibility of selling off Asian assets, selling the entirety of the company or selling off a minority stake in the organization.
In the meantime as the company continues to operate as a sole entity Thompson will be charged with attempting to reinvigorate a one-time tech darling that has watched shares repeatedly plummet since 2008. Yahoo stocks have not risen above $20 in three years, finishing at $16 in morning trading upon Thompsons appointment.
In hiring Thompson Yahoo’s board praised his ability to scale company’s based on existing resources while “reigniting innovation and driving growth.” Yahoo board members called his type of track record “precisely the formula we need at Yahoo.”
Do you think Scott Thompson is the type of leader Yahoo needs at this juncture?