Ross Levinsohn leaves Yahoo! after CEO snub

31 Jul 201253 Views

Former Yahoo! interim CEO Ross Levinsohn. Image via Wikimedia Commons

Ross Levinsohn, who served as Yahoo!’s interim CEO between the departure of Scott Thompson and the arrival of Marissa Mayer, is leaving the company today.

Levinsohn stepped into the CEO role after Thompson exited Yahoo! in May after allegations surfaced that he had added a fake computer science degree to his official biography and before former Google executive Mayer took up the post some two weeks ago.

"Ross has done a terrific job during his time at Yahoo!," Bloomberg reports Yahoo! as having said in a statement. "We wish him all the best."

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Yahoo! is seeing Levinsohn off with handsome compensation. In an SEC filing, Yahoo! disclosed Levinsohn is being awarded an additional 67,000 shares of restricted stock and 250,000 new stock options priced at $15.80. That is the price Yahoo’s stock closed at on 26 July.

Levinsohn, who had previously served as Yahoo!’s global media head, had reportedly been a stronger contender for the permanent CEO job, and there is no indication at this stage as to what he will do next.

Tina Costanza has held senior editorial positions at daily newspapers in Ottawa and Toronto

editorial@siliconrepublic.com