Yahoo announced the appointment of a new CFO today – Tim Morse “will be responsible for the company’s finance, investor relations, and mergers and acquisitions groups. He will commence employment on June 17, 2009 and will assume the responsibilities of CFO on July 1, 2009,” the company stated.
The new SOS – is “Save Our Stock” and I am sure there are a lot of people hoping Morse is related to the inventor of Morse code and gets the message.
“Tim has a proven ability to translate strategy into structure, process, and execution, and I am delighted that he will be joining my leadership team to help drive Yahoo!’s growth,” said Carol Bartz, Yahoo CEO. “With his passion for operational finance, global experience, and expertise simplifying complex organizations and managing growth, Tim is a natural fit for Yahoo!.”
Morse comes from Altera Corporation, a semiconductor company and before that GE where he worked for over 15 years.
Many stockholders will be following his performance.