Yahoo has hired Ken Goldman as new chief financial officer replacing the existing CFO Tim Morse, with effect from 22 October 2012, as the company plans an expensive turnaround.
According to Yahoo, the new CFO will be responsible for the internet firm’s global finance functions that include financial planning and analysis, controllership, tax, treasury, and investor relations, while directly reporting to Mayer.
Yahoo CEO Marissa Mayer, at her first companywide address, said Ken is an accomplished and respected financial executives in the technology industry having served as a CFO for more than 25 years.
"His track record leading the financial strategy and stewardship of many successful public and private companies makes him an ideal choice for Yahoo! as we enter our next phase of growth," Mayer said.