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Marissa Mayer named CEO of Yahoo for turnaround bid

Published: July 17, 2012 6:24 AM
By BLOOMBERG NEWS

Marissa Mayer has been hied by Yahoo as

Photo credit: Getty Images | Marissa Mayer has been hied by Yahoo as its third chief executive within the past year, a move which is expected to see the company sharpen it's focus on technology and products. (July 17, 2012)

Yahoo! Inc. (YHOO) named Marissa Mayer as chief executive officer, appointing a technologist who has managed some of Google Inc. (GOOG)’s most popular products to help stem user defections and reverse market-share losses that fueled three years of sales declines at the biggest U.S. Web portal.

Mayer, a 13-year Google veteran, takes the helm today, just as Yahoo prepares to report second-quarter...

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