Yahoo, less than two weeks after officially separating from Verizon, announced digital media veteran Jim Lanzone as its new CEO.
Lanzone, most recently CEO of Tinder and former head of CBS Interactive, will join Yahoo on Sept. 27, 2021. He will join the company less than a month after the close of the $5 billion deal to sell Verizon Media (renamed Yahoo) to Apollo Group. Lanzone takes over for former Verizon Media chief Guru Gowrappan, who has been named a senior adviser to Apollo Group’s private equity business.
“Jim has a remarkable track record of leading and growing innovative businesses in our industry, and we are thrilled to welcome him on board,” Yahoo chairman and Apollo partner Reed Rayman said in announcing the hire. “We also want to thank Guru for his significant contributions to the company, passing the baton following three consecutive quarters of double-digit growth.”
Lanzone commented: “I am so honored to have the opportunity to lead Yahoo and represent such an iconic portfolio of brands as we enter a transformational new era for the company. I look forward to working with the exceptionally talented Yahoo team, globally, as we create and innovate daily on behalf of our millions of users and advertising partners worldwide.”
more to come.