New York: Yahoo is all set to name PayPal President Scott Thompson as chief executive after firing former CEO Carol Bartz in September, website AllThingsD reported, citing sources close to the situation.
Thompson has been running PayPal, the online payments unit of eBay, since early 2008, and was previously its chief technology officer. PayPal processed US$29-billion in payments in the third quarter of 2011.
The struggling Internet company has been without a permanent chief executive since early September, when it fired Carol Bartz after losing patience with her attempts to turn around the company during her 2 1/2 years on the job.
The Wall Street Journal’s All Things D technology blog said late Tuesday that an announcement of a new CEO could come as early as Wednesday and that Thompson was “the leading candidate” for the job at the Sunnyvale, Calif.-based company.
Former Web powerhouse Yahoo is undergoing a strategic review as it struggles to compete with newer heavyweights Google and Facebook. It has been run by interim CEO and former chief financial officer Tim Morse since Ms. Bartz’s departure.
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