Under New Management

Good Luck Terry; Congrats to Jerry and Sue

Yesterday, Terry Semel, our CEO and the man who successfully guided our company through the rocky years of the early ’00s, stepped down. Terry will continue to act as the head of our board of directors. Co-founder Jerry Yang, who has always been our chief Yahoo!, has stepped into the CEO’s shoes. Also, Sue Decker, formerly the head of our Advertiser & Publisher Group and another longtime Yahoo, can rightfully be addressed as “Madame President” in her new role.

It’s kind of big news.

We’re incredibly proud of Terry’s work over the past six years, and we’re glad he’s maintaining an important role on the board. We’re also really excited for the future, and can’t wait to see what Jerry and Sue will do. Expect more cool stuff.

To get the full take, see Jerry’s post on Yodel Anectdotal. Also, check out:

The Official Press Release
Letter from Terry Semel to Yahoo! Board of Directors
Letter from Yahoo! Board of Directors to Terry Semel

Meanwhile, we’re keeping our noses to the grindstone, and this change shouldn’t impact our advertisers. We’ll continue to roll our “Panama” enhancements and offer a first-class experience to our users.

—The Team