He is to be replaced by Ross Levinsohn, head of global media, who will act as interim chief executive with immediate effect
Yahoo! has appointed Carol Bartz, former executive chairman of Autodesk, as its chief executive to replace Jerry Yang who stepped down in November last year.Bartz (pictured), who will begin her new position immediately and join the board, worked at Autodesk, a computer aided design software company for 14 years and became chairman in 2006.
Yahoo! has reported a nearly fourfold increase in net income to $542m (£272.6m), due solely to gains from its share in Chinese portal AliBaba.
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