Former PayPal chief to head Yahoo

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By John Glenday, Reporter

January 5, 2012 | 1 min read

Yahoo has announced that it has appointed Scott Thompson, a former PayPal president, as its new chief executive officer.

The appointment will see Thompson focus on Yahoo’s “core business”, spearheading the acquisition and disposal of company assets.

Speaking of his appointment Thompson said: “Yahoo is an industry icon and I am very excited about the prospect of working with one of the great teams in the online world to deliver Yahoo's next era of success.”

Thompson will officially assume his new role on January 9.

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