Troubled Yahoo gets a new CFO

Tim Morse's replacement is Ken Goldman, who has been CFO at several technology companies over the past 25 years

Yahoo will replace CFO Tim Morse this fall in what may be the latest move by recently appointed CEO Marissa Mayer to put her own mark on the company's leadership.

Morse will be replaced by Ken Goldman, who has more than 25 years of experience as CFO for multiple computer industry companies, including Fortinet, Siebel Systems, Excite@Home and Sybase. He will join Yahoo in late October.

Goldman will report to Mayer, who was appointed as CEO in July after a sterling career with Google.

Morse joined Yahoo in 2009 when Carol Bartz was the CEO. He served as interim CEO after Bartz was fired in September of last year, until her replacement, Scott Thompson, came on board in January of this year.

Thompson's tenure was brief, however, lasting less than six months following a controversy about his college education credentials. Specifically, he didn't have a computer science degree, contradicting his public professional biography. Reports later emerged that his resignation was due instead to a cancer diagnosis.

In between Thompson's departure and Mayer's appointment, Yahoo was led by interim CEO Ross Levinsohn, a Yahoo executive vice president and head of Global Media. He left shortly after Mayer's arrival.

A Yahoo spokeswoman declined to comment on the reasons for Morse's replacement. In a statement, Mayer called him "a trusted leader" at Yahoo who has "expertly guided" the company through some key periods and deals.

"I've personally relied on Tim's knowledge and leadership in my first few months at Yahoo. I know I speak for everyone in wishing him the best," Mayer said.

Yahoo has been on a years-long financial and technology slump, going through several executive shake-ups and rounds of layoffs.

Mayer's appointment has been generally viewed with optimism. Also on Tuesday, multiple news outlets reported that Mayer addressed Yahoo's staff and gave them details about her turnaround plan for the company. The Yahoo spokeswoman also declined to comment on those reports.

Juan Carlos Perez covers enterprise communication/collaboration suites, operating systems, browsers and general technology breaking news for The IDG News Service. Follow Juan on Twitter at @JuanCPerezIDG.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?