Scott Thompson Out as Yahoo CEO; Ross Levinsohn to Be Named Interim CEO -AllThingsD
Yahoo (NASDAQ: YHOO) CEO Scott Thompson will step down and be replaced on an interim basis by the company's head of global media, Ross Levinsohn, according to AllThingsD citing sources. Thompson is leaving in the midst of a scandal involving a fake computer science degree on his bio.
This is a victory for investor Daniel Loeb, who is set to get three board seats. Director Fred Amoroso will be named chairman of the board.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.