A file picture of Yahoo
One-time web big Yahoo, which has undergone current possession adjustments and strategic pivots, introduced Friday that Tinder CEO Jim Lanzone might be its new chief as the corporate appears for brand new alternatives.
When Lanzone takes over as chief govt officer on September 27, he’ll inherit an organization that when contended to be the principle international web portal.
Nevertheless, Yahoo has been step by step supplanted by titans like Google and was purchased this yr by non-public fairness agency Apollo International Administration in a deal for Verizon’s media properties.
“With our distinctive belongings, assets, and lineage, we’re one of many few firms positioned to faucet into the various new alternatives showing within the classes the place we’re strongest,” Lanzone stated in a press release.
Yahoo stays fashionable with web customers, notably for its monetary and sports activities information, and claims 900 million month-to-month customers.
Lanzone, 50, takes over from Guru Gowrappan, who has been on the helm of Yahoo since 2018.
For its half Match Group, the guardian firm of Tinder, has chosen Renate Nyborg to succeed Lanzone. She might be Tinder’s first lady CEO.