Yahoo to Name Bartz as Next CEO: Sources
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The offer would end Yahoo's (NASDAQ: YHOO) two-month search for a chief executive to succeed co-founder Jerry Yang, who agreed in November to step down as chief executive as soon as the Internet company found a replacement.
Yang, who took on the CEO role in 2007, faced growing criticism from investors, including Carl Icahn, for rejecting a buyout offer from Microsoft (NASDAQ: MSF). Microsoft withdrew its $47.5 billion buyout offer in May.
Bartz, 60, is a longtime Silicon Valley executive who was the CEO of Autodesk (NASDAQ: ADSK) until 2006.
A Yahoo spokesman declined to comment.