All the latest UK technology news, reviews and analysis

Yahoo interim boss Ross Levinsohn steps down

31 Jul 2012
Yahoo logo

Yahoo has confirmed Ross Levinsohn is to leave the firm on Tuesday, two weeks after he lost out on the chief executive position to former Google executive Marissa Mayer.

Levinsohn joined Yahoo in October 2010 and was head of the company's global media division. He became Yahoo's interim chief executive in May, after it was revealed that Scott Thompson had lied on his CV.

Levinsohn will leave the company on 31 July and will receive the severance payments outlined in his 2010 offer letter. He will also receive an equity award of 67,000 redistricted stock units and 250,000 stock options worth over $5m.

"Ross has done a terrific job during his time at Yahoo. We wish him all the best," the firm said in a statement.

Before joining Yahoo as Levinsohn was a managing director for investment firm Fuse Capital. Prior to the role he worked as a president of Fox Interactive Media at News Corp.

His departure comes just weeks after Yahoo appointed Mayer, who is expected to do more on improving its current product set, rather than continue with the media strategy that Levinsohn favoured.

Yahoo confirmed Mayer as Thompson's successor on 17 July. Under the terms of her employment Mayer will make a base salary of $1m with incentives which could bring an additional $4m annually should the Yahoo meet certain performance benchmarks.

Other incentives will include a series of annual equity awards which will add up to $12m and another series of restricted stock units worth $14m and a one-time stock package worth $30m as a 'retention equity award.'

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Alastair Stevenson

Alastair has worked as a reporter covering security and mobile issues at V3 since March 2012. Before entering the field of journalism Alastair had worked in numerous industries as both a freelance copy writer and artist.

View Alastair's Google+ profile

More on Management
What do you think?
blog comments powered by Disqus

Windows 7 end of mainstream support

What are your plans for when Microsoft ends mainstream support for Windows 7 in January 2015?

Popular Threads

Powered by Disqus
LG G3 in gold black and white

LG G3 vs Galaxy S5 video

We pit the two Korean firms' flagship smartphones against each other

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging


Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Senior Project Manager - Separation (Application / Data)

Project Manager Banking / Finance Manchester Project...

Assistant Management Accountant

Assistant Management Accountant - Temp to Perm...

Systems Consultant / Technical Consultant - Home based (with travel)

Systems Consultant / Technical Consultant Title...

Test Engineer (JAVA, SQL)

Amazing opportunity!! Only for British citizens...
To send to more than one email address, simply separate each address with a comma.