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Yahoo names new CEO

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KATHMANDU, Jan 14: Yahoo Inc. named technology veteran Carol Bartz as its new chief executive Tuesday, bringing in a no-nonsense leader known for developing a clear focus, The Associated Press (AP) reported from San Francisco Wednesday.



Bartz, 60, from software maker Autodesk Inc. replaces Yahoo´s co-founder Jerry Yang, who surrendered the CEO position after potentially lucrative deals with rivals Microsoft and Google both collapsed.



After a tepid early reaction, investors seemed to warm up to Bartz´s appointment. Yahoo shares fell 12 cents Tuesday to close at $12.10, then recovered 47 cents, almost 4 percent, in extended trading.



(Read more in our ´International´ section below.)


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Yahoo names Carol Bartz as new CEO