A little over four months of being appointed CEO of Yahoo Inc, Scott Thompson has left the company, and Ross Levinsohn has been appointed as interim CEO. Thompson had joined from PayPal, where he was President, and has had to leave in the wake of the revelations that he had lied on his resume about having a computer science degree. This comes after Yahoo reported a healthy growth in profit last quarter – up 28% year on year, and the company had been organized into three different groups within the company – consumer, technology and regions. The uncertainty at the top doesn’t augur well for the company as it returns to a state of limbo (unless they decide retain Levinsohn as CEO) : Carol Bartz had joined as CEO in January 2009, had been fired in September last year, after which Thompson was appointed in January. Now, with Levinsohn’s appointment being “interim”, a search for a new CEO will begin, a process the Yahoo board is now fairly familiar with.
Levinsohn is also executive vice president and head of global media for Yahoo, responsible for all aspects of the company’s digital media business, including the vision, strategy, product, partnerships, engineering, content creation and content experiences globally. Prior to his current role, Levinsohn was EVP of Yahoo!’s Americas region, overseeing the company’s North, Central, and South American business including advertising sales, partnerships, and content. He previously served as the President of News Corporation’s Fox Interactive Media, and has held senior management positions with AltaVista, CBS Sportsline and HBO. Levinsohn also was the co-founder and managing director of Fuse Capital, an investment and strategic equity management firm focused on investing in and building digital media and communications companies.