Yahoo! Names Ken Goldman as Chief Financial Officer
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo! Inc. (NASDAQ: YHOO) today announced that Ken Goldman will join
the company as chief financial officer (CFO), effective Oct. 22. In this
role, he will be responsible for Yahoo!'s global finance functions
including financial planning and analysis, controllership, tax,
treasury, and investor relations. Goldman will report directly to Yahoo!
CEO Marissa Mayer.
"Ken is one of the most accomplished and respected financial executives
in the technology industry having served as a CFO for more than 25
years, and we're thrilled to have him join Yahoo!," said Mayer. "His
track record leading the financial strategy and stewardship of many
successful public and private companies makes him an ideal choice for
Yahoo! as we enter our next phase of growth."
"Yahoo! is an iconic brand with an incredibly strong business model and
balance sheet," said Goldman. "I believe there is a lot of runway ahead
for this business, and I look forward to working with Marissa and the
rest of the executive team as we define Yahoo!'s future."
Goldman brings more than 30 years of experience in financial,
operational and business management. He joins Yahoo! from Fortinet, a
provider of threat management technologies, where he served as CFO.
Prior to Fortinet, Goldman spent nearly six years as senior vice
president of finance and administration and CFO of Siebel Systems, until
the company's acquisition by Oracle Corp. in January 2006. He has held
CFO positions at Excite@Home, Sybase, Cypress Semiconductor and VLSI
Goldman has served as a director on several public and private sector
boards and has been named among "America's 15 Most Connected
Capitalists" by Forbes magazine.
Goldman succeeds Yahoo! CFO Tim Morse, who has been with the company
since June 2009. Morse will leave the company later this fall.
"Tim has been a trusted leader for Yahoo! over the past three years and
has expertly guided the company through some key periods as well as our
most important strategic deals," added Mayer. "I've personally relied on
Tim's knowledge and leadership in my first few months at Yahoo!. I know
I speak for everyone in wishing him the best."
Yahoo! is focused on creating deeply personal digital experiences that
keep more than half a billion people connected to what matters most to
them, across devices and around the globe. Yahoo!'s unique combination
of Science + Art + Scale connects advertisers to the consumers who build
their businesses. Yahoo! is headquartered in Sunnyvale, California. For
more information, visit the pressroom (pressroom.yahoo.net)
or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
Anne Espiritu, 408-336-0006
Source: Yahoo! Inc.
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