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Updated: Marissa Mayer Is Yahoo’s Latest CEO; What They’re Saying

It's taken all of two months for Yahoo to find a new CEO to take over the reins from interim CEO Ross Levinsohn: Marissa Mayer, responsible for Local, Maps and Location Services for Google, and one of Google's key employees, has joined as President and CEO of Yahoo, effective July 17th 2012. There's nothing from the company on Levinsohn's future with the company, but we might find out later tonight, as Yahoo announces its financial results. Mayer's appointment marks the appointment of a key products person as Yahoo's Chief, which is how Yahoo is pitching it, that this "signals a renewed focus on product innovation to drive user experience and advertising revenue for one of the world's largest consumer internet brands, whose leading properties include Yahoo! Finance, Yahoo! Sports, Yahoo! Mobile, Yahoo! Mail, and Yahoo! Search." Mayer had "managed some of Google's most successful innovations, launching more than 100 features and products including image, book and product search, toolbar, iGoogle, Google News, and Gmail - creating much of the "look and feel" of the Google user experience." She had joined Google in 1999 as its 20th employee and its first female employee. Mayer joins the company after two rather unsavory exits: first, Carol Bartz was fired over the phone in September last year, following which Scott Thompson joined from Paypal. Thompson had to leave in the wake of the revelations that he had lied on his resume about having a computer science degree. What They're Saying AllthingsD: outgoing interim CEO Ross Levinsohn, who lost…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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