SUNNYVALE, Calif. - Yahoo is hiring Google executive Marissa Mayer to be its next CEO.
The 37-year-old Mayer will be Yahoo's fifth CEO in five years, not including two interim CEOs.
Yahoo is struggling to rebound from years of stagnant financial performance and internal turmoil.
Mayer is starting at Yahoo today, having been one of Google's earliest employees.
Ross Levinsohn, who joined Yahoo in late 2010, had been running the company on an interim basis and had been thought to be the lead candidate. Levinsohn filled in after Scott Thompson lost his job in a flap over misinformation on his official biography.