Confirmed: Yahoo Picks A New CEO

• According to BoomTown and several sources familiar with Yahoo (YHOO), Carol Bartz (Now Confirmed) is hot on the radar to replace Co-founder Jerry Yang. Bartz is a longtime and high-profile Silicon Valley executive who presided over huge success at design technology giant, Autodesk (ADSK), until stepping down in April of 2006 to sit as a chairman. During her time there, net revenues increased from $285 million to more than $534 million.
• Other notches on her Resume include 10 years as vice president at Sun Microsystems(JAVA). She has also held product line and sales management positions at other high-tech companies; she is also an expert in computer science.
• Here’s how the dots connect. Bartz currently sits on the boards of Intel (INTC), Cisco Systems (CSCO), NetApp (NTAP), and the Foundation for the National Medals of Science and Technology. Jerry Yang is also on the board of Cisco, and Yahoo President Sue Decker is on Intel’s.
• Yahoo Chairman Roy Bostock promised investors a new leader would be in place soon and that they are on finally decisions to go with an internal or external for the head position. Who’s in the running? John Chapple, former Nextel CEO, Maggie Wilderotter, a former Microsoft exec, Jonathan Miller, former AOL CEO.
• One of my 7 predications of 2009 was that a new Yahoo CEO would get an offer back from Microsoft closer to the original $33 deal. I wouldn’t mind seeing Bartz in charge of this goal: she is a seasoned CEO of successfully running public companies, understands computer technology from the ground up, and has dealt with mergers and acquisitions before.
• In any event, the new Yahoo CEO will have a big task at large, restoring company morale after Jerry.

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