(NEW YORK) — Yahoo has had an unlucky executive streak lately, but that may be coming to an end. Marissa Mayer, one of Google’s top executives, will join Yahoo as its new CEO, the company confirmed Monday.
“I am honored and delighted to lead Yahoo!, one of the Internet’s premier destinations for more than 700 million users,” Mayer said in a statement. “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.”
Mayer joined Google in 1999 and was one of its first engineers. She leaves Google as its vice president of location and local services. She has been named as one of the most powerful women in technology time and again.
Yahoo has struggled to find a standing CEO since Scott Thompson left in May after admitting that his official biography included a college degree he never earned. Thompson was the third to assume the leadership position since 2011, when Carol Bartz resigned after failing to revive the company.
Mayer, 37, has worked on Google’s search homepage, Gmail, and other successful Google products.
Mayer resigned Monday from Google. She will begin Tuesday as Yahoo’s CEO.
Copyright 2012 ABC News Radio
Erin McClam, CNN
Matt McFarland, CNN