Balogh Named New Yahoo CTO

Aristotle "Ari" Balogh, 43, was named CTO for Yahoo! today, according to the Yahoo press release.

"World-class technology development is a critical part of Yahoo!'s strategy. Bringing a strong technology leader on board to drive engineering and operational excellence across our technology group has been a significant priority for the company," said Yang. "In Ari Balogh, Yahoo! is adding one of the industry's most talented leaders to our bench-strength of technology experts. With a proven track record for successfully leading large scale engineering initiatives and driving rapid cycles of technology innovation, Ari's leadership skills are well suited to leading Yahoo!'s development efforts as we continue in our mission to deliver the best, most indispensable experiences on the Internet."

Seems like this was good timing. CEO Jerry Yang gives his quarterly earnings report very soon.