Yahoo names Bartz new CEO

President resigns as Carol Bartz takes over the embattled Internet company.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all RSS FEEDS (close)
By Julianne Pepitone, contributing writer


NEW YORK ( -- Yahoo Inc. announced Tuesday that it had hired veteran technology executive Carol Bartz as its new CEO.

Separately, Yahoo (YHOO, Fortune 500) said President Sue Decker will resign after a transitional period.

Bartz ran software company Autodesk (ADSK) for 14 years, most recently serving as executive chairwoman. San Rafael, Calif.-based Autodesk, with just over 7,000 employees worldwide, is about half the size of Yahoo.

Bartz is taking over an embattled Yahoo. In mid-November, co-founder Jerry Yang stepped down after failed attempts to improve the company's performance.

Yang oversaw the company during a high-profile acquisition bid last year by Microsoft Corp. (MSFT, Fortune 500), as well as investor Carl Icahn's failed attempt to replace the Yahoo board.

In a conference call Tuesday, Bartz acknowledged "the many problems" Yahoo is facing.

Bartz declined to discuss details of her plans for Yahoo. "But I can say my focus is on turning this company around and creating value for the shareholder," she said.

The board approached Bartz in December, she said.

Bartz, calling herself "a straight shooter," condemned "the external forces" that have battered Yahoo over the past year.

"Everybody on the outside was deciding what Yahoo should and shouldn't do," she said. "That's going to stop."

Yahoo will report fourth-quarter earnings Jan. 27, Bartz said. Shares fell 1% Tuesday to $12.10.

Bartz was chairman, president and CEO of Autodesk from 1992 to 2006. Under her tenure, the company's revenue grew from $285 million to more than $1.5 billion. Previously, she was an executive at Sun Microsystems Inc. (JAVA, Fortune 500)

Bartz sits on the board of Intel Corp., (INTC, Fortune 500) Cisco Systems (CSCO, Fortune 500), NetApp (NTAP) and the Foundation for the National Medals of Science and Technology. President George Bush appointed her to his Council of Advisors on Science and Technology.

How do you think Barack Obama's presidency will affect you and your wallet? What can he do to help you - and others - in these trying economic times? E-mail us at, and your thoughts could be part of an upcoming story.  To top of page

They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
17 cool gadgets that tease the future Smart telescopes, surveillance for dogs, an electric roadster and more from CES 2018. More
These 12 airplane beds let you really sleep on a flight For the price of a premium class ticket, you may just get a space that's comfortable, private, and quiet enough to ensure a good rest. More
CES 2018 kicks off with oddball gadgets The biggest tech show of the year opened with a collection of quirky gadgets. More