Former woman executive in charge of Local, Maps and Location Services for Google, including Google Maps, Google Earth and Zagat, Marissa Mayer, has now been named CEO of Yahoo. The company announced today that Mayer will be President and Chief Executive Officer, as well as Member of the Board of Directors effective July 17, 2012. This is certainly a good move for Yahoo, who has been in a game of CEO musical chairs as of late, going through three CEOs (two were interim) in the past year.
This is a very high mark for Yahoo, as the company has been pushing to regain some relevancy and amend some relationships as of late. Yahoo describes it as signaling "a renewed focus on product innovation to drive user experience and advertising revenue for one of the world's largest consumer internet brands."
On being appointed as CEO, Mayer said,
I am honored and delighted to lead Yahoo!, one of the Internet's premier destinations for more than 700 million users. I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world.
We have the full press release and more thoughts on the matter after the break.