Yahoo chief executive Marissa Mayer has replaced former interim chief executive Tim Morse with a new chief financial officer, after she reportedly unveiled her plans for the internet giant to employees.
Silicon Valley veteran Ken Goldman will take over the financial operations of the Sunnyvale, California, company, Yahoo announced in a news release Tuesday afternoon, moving over from fellow Sunnyvale company Fortinet, where he also served as chief financial officer.
Before taking that post, Mr Goldman was chief financial officer at Siebel for six years, before the company was acquired by Redwood City, California, software giant Oracle.
"Ken is one of the most accomplished and respected financial executives in the technology industry," Ms Mayer said.
Mr Goldman replaces Mr Morse, who ran the company as interim chief executive after Yahoo fired Carol Bartz in September 2011. When Yahoo hired PayPal President Scott Thompson to replace Mr Bartz, Mr Morse shifted back to the CFO chair. Morse will leave the company this northern autumn after more than three years of employment, Yahoo announced.
"Tim has been a trusted leader for Yahoo over the past three years and has expertly guided the company through some key periods as well as our most important strategic deals," Ms Mayer said.
According to news reports, Ms Mayer also hosted a streaming broadcast to Yahoo employees on Tuesday in which she laid out her plans for the company.
AllThingsD writer Kara Swisher reported earlier that Ms Mayer was planning to focus on a redesigned home page and improvements in email and search.