Source: Xinhua

01-14-2009 16:36

SAN FRANCISCO, Jan. 13 (Xinhua) -- Yahoo Inc, the Silicon Valley Internet giant, announced on Tuesday that Carol Bartz, former chief executive of software company Autodesk Inc, has been named its new Chief Executive Officer.

Carol Bartz, newly named chief executive of Internet company Yahoo Inc, is shown in this undated publicity photo released to Reuters January 13, 2009. (Xinhua/Reuters Photo)

The announcement wraps up Yahoo's two-month talent search for a successor of Jerry Yang, its co-founder and former CEO. Yang offered to step down in November last year after he rejected Microsoft's bid to buy Yahoo and failed to forge a partnership with Google.

"Carol meets all of the criteria we set for the search and is the only person to whom we offered the job," Roy Bostock, chairman of the Yahoo board, said in a statement.

"We are very excited to have Carol Bartz leading Yahoo into its next era of growth," Bostock said, noting that Bartz is admired in the Silicon Valley as well as on Wall Street "for her deep management expertise, strong customer orientation, excellent people skills, and firm understanding of the challenges facing our industry."

Despite her track record as an efficient technology executive, 60-year-old Bartz is surely not short of challenges ahead, analysts said.