Yahoo! gets a new CEO

Jerry Yang is out as CEO of Yahoo! after a less than memorable year. Today, Carol Bartz is the new CEO. Does she have what it takes to right the ship?

Her past experience, while no indicator of future performance, shows that she made Audodesk a huge success. When she first started as CEO of Autodesk revenues were below $300 million. When she left, revenues were over $1.5 billion.

”There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity.” – Carol Bartz

Bartz also had a role in Cisco since 1996 as a director and then the Lead Independent Director. In case you were not aware, being a director on any board of a company is not given to just anyone. Bartz is also on the board of NetApp and Intel.

Personally, I hope Yahoo! gets its act together because competition is good for everyone. We’ll be keeping an eye on Yahoo!

Read: [Yahoo! Press Release]