Surprise: Yahoo! Lures Mayer Away From Google as New CEO

By FOXBusiness

Google's Mayer Named Yahoo CEO

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Google's Mayer Named Yahoo CEO

FBN's Shibani Joshi on Yahoo's new CEO Marissa Mayer.

In a huge coup that is sure to shock Silicon Valley, Yahoo! (NASDAQ:YHOO) has recruited Google (NASDAQ:GOOG) exec Marissa Mayer to become the struggling technology company’s latest CEO.

The hire instantly makes Mayer, who famously designed Google’s iconic search homepage, one of the most powerful women in the tech world.

Mayer, 37, resigned from Google on Monday afternoon by telephone and starts at Yahoo! on Tuesday.

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"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users,” Mayer said in a statement.

Shares of Sunnyvale, Calif.-based Yahoo! rallied 2.14% to $15.98 in extended trading after The New York Times

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