Former PayPal president named Yahoo CEO

Share this article:
Scott Thompson, Yahoo CEO
Scott Thompson, Yahoo CEO

Yahoo has named former PayPal president Scott Thompson its CEO, effective Jan. 9, according to a company statement. Thompson will replace Carol Bartz, who was ousted in September. Tim Morse, who has been leading Yahoo in the interim, will return to his position as CFO.

Thompson will focus on Yahoo's core businesses and will work with its board of directors on a strategic review of the company's business plan, the company said. 

Thompson, in a Jan. 4 webcast, characterized mobile technology advances as “a wave that's bigger than people imagine it to be at this point,” he said. “How consumers interact has changed. Devices now take all shapes and sizes and you'd better have a great experience [for the customer] on the device they're engaged with, or you don't have a customer.”

Thompson said his goal is to make Yahoo “great across all devices” so that consumers will seek out a “Yahoo experience” when they need information.

When asked about the high turnover at Yahoo, not just in the C-suite but in other positions, Thompson said the success of a company depends on its people. “I genuinely hope everyone at Yahoo today says, ‘Boy, we're happy he's here.'”

Under Thompson's leadership, which began in 2008, PayPal expanded its user base from 50 million to more than 104 million active users in 190 countries and grew revenue from $1.8 billion to more than $4 billion.

Prior to PayPal, Thompson was EVP of technology solutions at Inovant.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Video's Going Programmatic, New Study Contends

Video's Going Programmatic, New Study Contends

Some 60% of brands now buy online video programmatically, according to a study from AOL's Adap.TV.

Dollar Growth Rate of Video to Peak This Year

Dollar Growth Rate of Video to Peak This ...

It will increase by 56% to $6 billion, then taper off due to growth in inexpensive mobile placements, says a new study.

Alliance Data Spends $2.3 Billion to Buy Conversant

Alliance Data Spends $2.3 Billion to Buy Conversant

CEO Ed Heffernan says the acquisition "bulks up" the digital marketing power of Alliance and its Epsilon and Loyalty One units.