“Yahoo Inc picked Google Inc’s Marissa Mayer to become its new CEO, turning to an engineer with established Silicon Valley credentials to turn around the struggling former Internet powerhouse,” Alexei Oreskovic and Peter Lauria report for Reuters.

“Mayer, who edged out front-runner and acting Chief Executive Ross Levinsohn, starts Tuesday as Yahoo’s third CEO in a year,” Oreskovic and Lauria report. “She hopes to stem losses to Google and Facebook Inc – which her high-profile predecessors failed to do.”

Oreskovic and Lauria report, “Her hiring signaled the Internet company is likely to renew its focus on Web technology and products rather than beefing up online content… Mayer, 37, will assume her role on Tuesday, when the company is scheduled to report its quarterly financial results.”

Yahoo CEO Marissa Mayer<br>(photo by Brigitte Lacombe)

Yahoo CEO Marissa Mayer
(photo by Brigitte Lacombe)

“Mayer, Google’s 20th employee and first female engineer, and has led various businesses there, including the design of the company’s flagship search engine,” Oreskovic and Lauria report. “Last responsible for Google’s local and location services, she joins fellow women tech-industry corporate chieftains Meg Whitman of Hewlett Packard Co, Virginia Rometty of International Business Machines Corp and Ursula Burns of Xerox Corp.”

Read more in the full article here.

MacDailyNews Take: Good luck, Marissa. You’re gonna need it.

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Why Yahoo CEO Carol Bartz was fired – September 7, 2011