Scott Thompson: Yahoo’s new CEO is the Paypal chief
Looks like Yahoo! is not selling after all. The portal/media company has just announced they’ve chosen a new CEO to lead Yahoo!. The new guy, Scott Thompson, was the president of Paypal (an eBay company).
From Yahoo’s press release, Thompson will assume the responsibility as Yahoo! Chief on January 9.
“Thompson served most recently as President of PayPal, a division of eBay, where he continued his established track record of growing businesses by driving customer engagement built on strong technology platforms. Under his leadership, PayPal solidified its lead as the global online payment service, expanding its user base from 50 million to more than 104 million active users in 190 countries worldwide, increasing the number of merchant partners to more than 8 million globally, and growing revenues from $1.8 billion to $4+ billion in 2011.”
This is the first time I have heard of Thompson (been a heavy Paypal user but never got to know who heads it) and by his track record, he looks like a nice pick. A bit of low-key, knows a lot about finance and a performer.
Of course, Yahoo! is a different kind of environment altogether compared to Paypal.