Yahoo appoints Semel as new chairman

Yahoo Inc today confirmed former Warner Brothers executive Mr Terry Semel will be the new chairman and chief executive with effect…

Yahoo Inc today confirmed former Warner Brothers executive Mr Terry Semel will be the new chairman and chief executive with effect from May 1st.

Mr Semel is a chairman and chief executive at Warner Bros where he has enjoyed a 24 year career.

As previously announced, former chief executive Mr Tim Koogle will be named vice chairman in a transitional role he will adopt until August.

President and chief operating officer Mr Jeff Mallett and chief financial officer Mr Susan Decker will continue in their current roles.

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AFP