Yahoo has announced their new CEO. The new CEO is Scott Thompson, the President of PayPal.

Thompson starts his new job at Yahoo on January 9th. He replaces the interim CEO, Tim Morse, who will go back to his position as the CFO. Tim stepped in when Yahoo fired Bartz, who replaced Jerry Yang in January 2009. Yang of course replaced Terry Semel in 2007.

I wonder if he will last more than a couple years. I hope so. I’d love to see him bring back Yahoo’s investment in search but I doubt that will happen.

Here is the PR pitch:

Forum discussion at WebmasterWorld.