"Today’s announcements lay to rest the unfortunate and serious distractions surrounding our senior leadership and the composition of our Board going forward"
Yahoo's new interim CEO Ross Levinsohn wrote a memo to his staff on Sunday seeking to calm the waters in the wake of the stunning exit of CEO Scott Thompson.
"Today’s announcements lay to rest the unfortunate and serious distractions surrounding our senior leadership and the composition of our Board going forward," wrote Levinsohn.
The Yahoo board dumped Thompson on Sunday to quash the ongoing fallout from his having falsified his resume to include a computer science degree. Levinsohn was appointed interim CEO.
Most important, Levinsohn underlined to his thousands of demoralized employees that he still believes in Yahoo.
"I believe in the tremendous strength and value of our brand, and in our relationship with our users and partners," he wrote. "I believe in the substantial organizational, operational and strategic progress we have made in recent months in spite of the internal and external challenges we have faced; and most of all, I believe with all my heart in all of you and your dedication to continuing to make this company great."
The board also settled an ongoing battle with activist shareholder Daniel Loeb of Third Point — who first drew attention to Thompson's resume — and Levinsohn announced that Loeb and two others, Harry Wilson and Michael Wolf, had now joined the board of directors.
Levinsohn was most recently the head of Yahoo’s global media, and before that was EVP of its Americas unit, including its advertising sales.
Here's the full memo, first posted by Kara Swisher at AllThingsD who is now apparently moonlighting as the Yahoo's unofficial news agency: