Yahoo! have just named their new CEO nearly four months after firing former CEO Carol Bartz. Scott Thompson will take the reigns from 9 January and his appointment has been met with quite a bit of hesitation due to him being a largely unknown until his appointment today.
Thompson was previously president of PayPal and therefore does have a proven track record in guiding companies through transitional growth into success. Who knows, after Yahoo sold their Asian assets, this could be the final step in the process to start to get the company back on track.
Yahoo! has moved up from $13 since they fired former CEO Carol Bartz to $16 this morning after announcing the appointment of Scott Thompson as Yahoo CEO.