Yahoo! Names Ken Goldman as Chief Financial Officer

Yahoo! Inc. (NASDAQ: YHOO) announced that Ken Goldman will join the company as chief financial officer (CFO), effective Oct. 22. In this role, he will be responsible for Yahoo!'s global finance functions including financial planning and analysis, controllership, tax, treasury, and investor relations. Goldman will report directly to Yahoo! CEO Marissa Mayer.

"Ken is one of the most accomplished and respected financial executives in the technology industry having served as a CFO for more than 25 years, and we're thrilled to have him join Yahoo!," said Mayer. "His track record leading the financial strategy and stewardship of many successful public and private companies makes him an ideal choice for Yahoo! as we enter our next phase of growth."

"Yahoo! is an iconic brand with an incredibly strong business model and balance sheet," said Goldman. "I believe there is a lot of runway ahead for this business, and I look forward to working with Marissa and the rest of the executive team as we define Yahoo!'s future."

Goldman brings more than 30 years of experience in financial, operational and business management. He joins Yahoo! from Fortinet, a provider of threat management technologies, where he served as CFO. Prior to Fortinet, Goldman spent nearly six years as senior vice president of finance and administration and CFO of Siebel Systems, until the company's acquisition by Oracle Corp. in January 2006. He has held CFO positions at Excite@Home, Sybase, Cypress Semiconductor and VLSI Technology.

Goldman has served as a director on several public and private sector boards and has been named among "America's 15 Most Connected Capitalists" by Forbes magazine.

Goldman succeeds Yahoo! CFO Tim Morse, who has been with the company since June 2009. Morse will leave the company later this fall.

"Tim has been a trusted leader for Yahoo! over the past three years and has expertly guided the company through some key periods as well as our most important strategic deals," added Mayer. "I've personally relied on Tim's knowledge and leadership in my first few months at Yahoo!. I know I speak for everyone in wishing him the best."

About Yahoo!

Yahoo! is focused on creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. Yahoo!'s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal (yodel.yahoo.com).