Bloomberg News

Yahoo Says Former Interim CEO Ross Levinsohn Leaving Company

July 30, 2012

Yahoo Says Former Interim CEO Ross Levinsohn Leaving Company

Ross Levinsohn, Yahoo Executive Vice President of Americas, at the Web. 2.0 Summit in San Francisco. Photographer: Paul Sakuma/AP Photo

Yahoo! Inc.’s Ross Levinsohn, who was interim chief executive officer following the departure of Scott Thompson, is leaving after the board passed him over for the top job to hire Marissa Mayer, a former Google (GOOG:US) Inc. executive.

Levinsohn’s exit is effective tomorrow, Sunnyvale, California-based Yahoo said in a regulatory filing. He stepped into the position in May after Thompson left amid questions about the accuracy of his resume. Levinsohn was considered for the CEO position before Yahoo hired Mayer.

“Ross has done a terrific job during his time at Yahoo,” the company said in an e-mailed statement. “We wish him all the best.”

Levinsohn, a veteran of social-networking service MySpace and search engine AltaVista, was known for interacting well with advertisers. On his watch, Yahoo recruited executives including Michael Barrett as chief revenue officer, and resolved a patent dispute with Facebook Inc. (FB:US) Mayer is an engineer who oversaw some of Google’s most popular products.

Levinsohn leaves Mayer to help execute a turnaround at Yahoo, which has failed to keep pace with competitors Google and Facebook Inc. in user and advertising growth.

Yahoo fell less than 1 percent to $15.98 at the close in New York. The shares have lost less than 1 percent this year.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net.


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