Mayer stamps her authority on Yahoo by removing CFO Morse

YAHOO’S new chief executive Marissa Mayer yesterday made her biggest mark on the troubled web company since joining in July, replacing chief financial officer Tim Morse with tech veteran Ken Goldman.

Morse’s departure, which comes after three years at Yahoo, was announced after Mayer presented her strategy to turn the company around to employees last night.

She is understood to have promised to focus on Yahoo’s mobile and advertising services, while removing unprofitable divisions. Mayer also said she would make more acquisitions of small, innovative companies.

“Tim has been a trusted leader for Yahoo over the past three years and has expertly guided the company,” Mayer said, adding that Goldman, who joins from US cybersecurity firm Fortinet, was her “ideal choice”.

Goldman’s arrival is one of several changes at Yahoo since Mayer joined from Google, including the appointment of former Amazon director Kathy Savitt as chief marketing officer.