Scott Thomspon has stepped down as CEO of Yahoo after it was revealed that he had lied about qualifications on his CV.
Thompson’s biography listed a computer science degree which he in fact had not earned. As a result, he has now stepped down from the top job at the company, as well as leaving the board with immediate effect.
Thompson is replaced as CEO in the interim period by Ron Levinsohn, the company’s current head of their global media department. The Chairman of the Board role will now b filled by Fred Amoroso.
Yahoo have also announced that they are in the final stages of arranging a settlement with “activist shareholder” Daniel Loeb, who uncovered Thompson’s dubious credentials.
By Gerald Lynch | May 14th, 2012