Marissa Mayer is Yahoo!'s new CEO

Marissa Mayer, employee number 20 at Google and the company's first female engineer, has resigned from her professional home of the last 13 years to take on the role of President and CEO of search engine rival Yahoo!, reports The New York Times.

The unexpected announcement came on Monday, the day Mayer reportedly resigned over the telephone from Google. She will start her new position at Yahoo! on Tuesday. In addition to serving as the new President and CEO of the company, she will join Yahoo!'s board. Earlier this year, Mayer took her first board position at a public company, Wal-Mart, in April.

Mayer was one of Google's top executives, recently responsible for products like Google Maps, Google Earth, Street View, and more, as well as overseeing more than 1,100 managers and approximately 6,000 contractors. In the past, she managed Google Search for years, and led development on other products such as iGoogle, Google News and Gmail.

Mayer said in a statement: "I am honored and delighted to lead Yahoo!, one of the Internet's premier destinations for more than 700 million users.  I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

Source: The New York Times

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