Home / Media / Yahoo Names Ken Goldman New CFO

Yahoo Names Ken Goldman New CFO

Yahoo's chief financial officer of three years, Tim Morse, resigned

Yahoo named Ken Goldman as chief financial officer Tuesday, replacing Tim Morse who resigned.

Goldman, left, will oversee the Silicon Valley giant's global finances, including taxes, investor relations and its treasury. He starts on Oct. 22.

Morse, who previously served as an interim CEO at the company, is resigning after three years — a tenure that spanned three different chief executives. He was reported to be wary of working with another CEO when Melissa Mayer arrived from Google in July.

"Ken is one of the most accomplished and respected financial executives in the technology industry having served as a CFO for more than 25 years, and we're thrilled to have him join Yahoo," Mayer said in a statement. "His track record leading the financial strategy of many successful public and private companies makes him an ideal choice for Yahoo as we enter our next phase of growth."

In his own statement, Goldman said that "Yahoo is an iconic brand with an incredibly strong business model and balance sheet. I believe there is a lot of runway ahead for this business, and I look forward to working with Marissa and the rest of the executive team as we define Yahoo's future."

Goldman previously served as the chief financial officer of the Fortinet, a threat management technology company. Before that, he spent almost six years as senior vice president of finance and administration and as the finance chief of Siebel Systems, until the company was purchased by Oracle Corp. in January 2006.

He also served as the top finance executive at a variety of other tech companies in his 30-year career.