The appointment of Marissa Mayer as the new chief executive officer of Yahoo! Inc. (NASDAQ:YHOO) created a buzz within the media and technology industry around the world. Everyone is asking, Is Marissa Mayer the right person to save Yahoo!? Absolutely!
Marissa Mayer is one of the most brilliant young executives in Silicon Valley, with outstanding resume. She was the first female engineer hired by Google Inc (NASDAQ:GOOG). She was instrumental in some the most successful products and services of the search engine giant such as the G-mail, Google News and iGoogle to name a few. She is the person behind the simple, clean, and elegant look of Google’s home page. Marissa is the 20th highest employee within the Google family.
In a statement, Larry Page, chief executive officer of Google recognized Marissa’s performance and contribution to the company. Page said, “Since arriving at Google just over 13 years ago as employee number 20, Marissa has been a tireless champion of our users. She contributed to the development of our Search, Geo, and Local products as well as many other product areas. We will miss her talents at Google.”
According to technology analysts, Mayer supervised the fast-growing businesses of Google over the past decade. She helped boost the searches on Google from hundreds of thousands, to more than one billion every day. Undoubtedly, she made significant contributions in the rapid growth of Google.
Forbes recognized Mayer as one of the 100 Most Powerful Women. Other business magazines also featured her leadership and innovative contributions in the technology industry.
The Board of Directors unanimous confidence in choosing her as the next CEO of the company is a great start for Mayer to perform her role as CEO. They consider her as a “well-known, visionary leader in user experience and products design and one of the most exciting strategists in technology development.”
Mayer holds a Bachelor of Science Degree in Symbolic Systems and a Masters of Science Degree in Computer Science from Stanford University. She specializes in Artificial Intelligence. She invented several patents in artificial intelligence and interface design. She was credited for her inventions.
The media buzz created by Mayer’s appointment as Yahoo!’s CEO obviously brought the glamour and positive media publicity back to the company. Many analysts and observers alike, believe that her capability, experience, technical expertise, beauty, and charismatic personality will help maneuver Yahoo! to success.
Mayer starts as CEO of the company today (Tuesday, July 17). She is expected to develop and implement strategies to improve Yahoo!’s search relevance, introduce innovation, enhance the brand and image of the company, build up its media and web content, and to boost the morale of the company. Obviously, her job is challenging, but according to her, “There is a lot to do and I can’t wait to get started.”
In an interviews with Bloomberg News, Benjamin Schachter, analyst at Macquarie Securities said that Mayer’s user experience with Google is beneficial for Yahoo. He also noted that some people doubt her ability to serve as CEO. He said, “What she did at Google was really focus on the user experience more than anything else. Yahoo! does need that, but it needs many other things as well. The fact that she had not been a CEO before certainly raised some eyebrows.”
Analysts believed that the full extent of Mayer’s challenges as CEO of Yahoo! will be clearly defined after the company’s upcoming earnings report. Based on the average analysts’ estimate, the company is expected to report 20 cents per share or $1.09 billion revenue.
Some people are also talking about Mayer’s pregnancy, which is not a problem for Yahoo! board of directors. If you are curious about her baby, she is expecting a baby boy.