Chief Executive Bartz fired from Yahoo

Carol Bartz has been fired as Yahoo’s chief executive nearly three years into a tenure in which the company fell short of the turnaround she was charged with leading.

The company said Ms Bartz will be replaced by chief financial officer Timothy Morse on an interim basis. The company plans to search for a permanent replacement for Ms Bartz.

Ms Bartz, 63, has had a rocky tenure at Yahoo since she was appointed chief executive in January 2009. Most recently, Yahoo settled a dispute surrounding a Chinese payment service called Alipay in a way that ended up diminishing Yahoo’s stake in the company.

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