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Slideshow Yahoo snags Google's Mayer as CEO in surprise hire Tweet Share this Email Print Related News Yahoo breach puts users of other sites at risk Fri, Jul 13 2012 Google CEO Page recovering, was in office this week Thu, Jul 12 2012 Google CEO Page recovering, was in office this week Thu, Jul 12 2012 Yahoo breach puts users of other sites at risk Thu, Jul 12 2012 Analysis: Microsoft loss reflects Web display ad world's woes Sun, Jul 8 2012 Analysis & Opinion Covering the U.S. Open (and Tiger) Related Topics Tech » Hot Stocks » Asian Markets » Media » Marissa Mayer, vice president, search products and user experience for Google Inc, unveils ''Google Instant'' during a news conference in San Francisco, California in this September 8, 2010 file photograph. Mayer will be the next C.E.O. of Yahoo, it was announced July 16, 2012. Credit: Reuters/Robert Galbraith/Files By Alexei Oreskovic SAN FRANCISCO | Mon Jul 16, 2012 5:06pm EDT SAN FRANCISCO (Reuters) - Google Inc's Marissa Mayer will become Yahoo Inc's new chief executive, a surprise pick for its third CEO in a year. Mayer's hiring, edging out front-runner and acting CEO Ross Levinsohn, helped push its shares up 2 percent to $15.97 in after-hours trading. Yahoo said Mayer would assume her role on Tuesday, when the company is scheduled to report its quarterly financial results. Mayer, one of Google's earliest employees, was the Internet search company's first female engineer and has led various businesses at Google including the design of its flagship search engine and its location and local services business. Yahoo had been widely expected to go with Levinsohn, who in his few months at the helm tried to push a strategy of forging media partnerships to beef up the company's online content. A source close to the situation said that Mayer, who is recognized in Silicon Valley as more focused on technology than content, will try to get Levinsohn to stay with the company. Mayer's appointment caps a tumultuous year at Yahoo. In May Scott Thompson resigned as CEO after less than 6 months on the job after a controversy over his academic credentials. Thompson had replaced controversial Carol Bartz, who was fired in September after failing to revitalize Yahoo. (Reporting by Alexei Oreskovic, additional reporting by Peter Lauria in New York) Tech Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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