Bartz Fired; Morse Named Interim CEO; Yahoo Board Creates Circle Of Elders To Decide Company Fate

Carol Bartz is officially out as the President and CEO of Yahoo. In an email this afternoon to Yahoo employees, Bartz, who has been in the top role at Yahoo since January 2009, confirmed that she'd been fired by Yahoo's Chairman of the Board, Roy Bostock, by phone call. At least it wasn't via text message. Kara Swisher of AllThingsD initially broke the news of Bartz's departure. Yahoo has since confirmed that Tim Morse, who joined Yahoo from Altera as the company's new CFO in June, will become Interim CEO as Yahoo searches for a permanent replacement. Morse will also continue to serve as CFO during the interim.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ZzOvcIlbs_A/

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