Embattled internet giant Yahoo has confirmed that under-fire chief executive Scott Thompson has left the company under a cloud, after shareholders demanded his resignation.
Thompson first came under pressure after a group of shareholder activists revealed that his CV wrongly claimed he held a computer science qualification.
But adding to the intrigue surrounding his departure, the Wall Street Journal reports that Thompson left his post after telling the board that he had been diagnosed with thyroid cancer.
Yahoo had not responded to requests for clarification at the time of publication.
Whatever the reasons for Thompson's departure, the timing of his exit could hardly have come at a worse time for the company.
Thompson only took the reins at the troubled firm in January, immediately embarking on a savage series of job cuts.
Thompson has been replaced by Ross Levinsohn, who will act as interim chief executive.
There has also been further upheaval in the Yahoo board, with several senior executives stepping down to be replaced with members nominated by investment group Third Point.
Third Point had led the calls for Thompson to resign in the wake of the revelations about his CV.
“[Yahoo] is pleased to announce these changes and the settlement with Third Point, and is confident that they will serve the best interests of our shareholders,” said Fred Amoroso, the newly installed chairman of Yahoo.
Amoroso replaces Roy Bostock as Yahoo chairman.
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