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Big move by Yahoo today as they named ex-Googler and ex-Google Vice President Marissa Mayer as their CEO. Mayer, 37 years old, had long been on the Yahoo board's shortlist of CEO candidates, said people familiar with the matter. Mayer becomes Yahoo's sixth CEO in five years, including two interim CEOs. Mayer had been at Google since 1999.
Wall Street appeared to welcome the move, with Yahoo's stock rising 2% to $15.96 in after-hours trading after the CEO appointment became public.
Hmm maybe now we will see some stability in the Google SERPs. This is a great move by Yahoo, but is it too late to turn things around for the once leader in Search?