Yahoo appointed Carol Baz as the new CEO Yang Zhiyuan for class

As Yahoo officially appointed a new CEO, Yang Zhiyuan's CEO's mission was also announced and officially retired from the position of CEO, previously, he said that he would leave behind the scenes to continue serving as Yahoo's chief.

 

 

Yahoo said in a statement today that Baz will immediately become chief executive officer. After a transitional period, Susan Decker, Yahoo's president, will leave.

According to sources, in recent days, Yahoo's board of directors has started negotiations with Baz on work contracts, including pay-as-you-go. Prior to last Christmas, Baz had an interview with Carl Icahn in New York.

Roy Bostock, Yahoo chairman, said in this statement: "Baz has rich experience in the technology industry and superb leadership art, which is exactly what the board needs. Baz meets all our requirements and is the only candidate for this position ."

On Tuesday, Yahoo's share price fell by $0.12, or 0.98, at $12.1, far below the highest of $30.25 in 52 weeks. Youssef Squali, an analyst at investment bank Jeffrey, said the market response showed that investors do not want Microsoft to re-negotiate Yahoo. It takes 6-12 months for Baz to truly assume the role of leading Yahoo. During this period, it is not ruled out that Yahoo can sell its search business.

The appointment of Baz as chief executive officer will end Yahoo's two-month election campaign. Baz will face many challenges in boosting Yahoo's performance and share price. For example, some investors have been trying to split Yahoo; Yahoo is facing fierce competition from competitors such as Google.

Banz is still the executive chairman of Autodesk, who served as Autodesk's chief executive officer during the 1992-2006 period. Autodesk is about half Yahoo! and has about 7000 employees around the world. In addition, Baz is also Cisco and Intel (Blog.

Baz's position as chief executive officer may raise a new question about Yahoo's strategic direction, paving the way for restarting negotiations with Microsoft regarding the sale of search services. Baz and Yahoo's board of directors must also take other initiatives to boost Yahoo's business, which may include making deals with partners such as AOL of Time Warner, or divesting smaller business units.

According to people familiar with the matter, considering the need to solve these major strategic issues, Yahoo's board of directors attaches great importance to the candidate's experience in reaching deals and operating companies during the election. A three-person group led by Yahoo chairman Bostock proposed a candidate list, including Arun Sarin, former CEO of Vodafone, and Sue Decker ).

Baz has rich experience in leading the growth of small companies. In the early 1990 s, Autodesk's annual revenue was less than $0.35 billion. When Baz withdrew from its chief executive officer in 2006, Autodesk's revenue was more than $1.5 billion.

Baz's management style in Autodesk left a "rough" impression on his colleagues. A former Autodesk employee said that Baz never considered the feelings of his colleagues, and no one could doubt Baz's words. A head executive of the high-tech company said that after taking over Yahoo, Baz will be a "strict Chief Executive Officer", but "this is what Yahoo needs. Yahoo's head must be able to execute, she must also have a vision."

Baz has no Internet experience, but this may be a good thing. Seth O. "Currently, this is a good thing for Yahoo, because employees need a leader with rich management experience," said Harris."

However, Baz will find that it is not easy to lead a company together with the company's founders and shareholders with different opinions. Marshall Goldsmith, a writer, said, "Considering these factors, Baz needs to deal with many problems and will face many challenges that other CEOs will not face ." (Wind view)

About Carol Baz

Carol Baz served as chairman, president, and chief executive officer for 14 years at Autodesk software design Corporation in San Rafael, California. She resigned from another position in April 2006 and has been the executive chairman of Autodesk. Baz and Yang Zhiyuan are both members of Cisco's board of directors, and together with Yahoo's president Sue Decker, they are members of Intel's board of directors. Baz has also worked in other major companies, such as Sun Microsystems, data equipment, and 3 m companies.

Educational background:

Bachelor of Computer Science from the University of Wisconsin-Madison

Work experience:

· Executive chairman of Autodesk

· Autodesk CEO (1992-2006)

· Sun vice president of global operations (1983-1992)

· Product line and sales management of Digital Equipment and 3 M Companies

· Directors of Cisco, Intel, and NetApp