NEW YORK (CNNMoney) — Yahoo CEO Scott Thompson is out after it was found he padded his resume with an embellished college degree, ending his term at the company after just four months.
Yahoo confirmed Thompson “has left the company” in a statement posted late Sunday, after two news reports. Tech blog AllThingsD was the first to report the news, and the New York Times followed up with its own article.
Yahoo media chief Ross Levinsohn will be named interim CEO, the company said. Levinsohn had earlier been rumored as a successor to Carol Bartz, who was fired from Yahoo by phone in September. Instead, Thompson took the CEO role in January.
Thompson’s resume scandal ignited just over a week ago, when activist shareholder group Third Point alleged that Thompson lied about details of his college degree.
The saga took an even more dramatic twist Monday morning, when the Wall Street Journal reported that Thompson has been diagnosed with thyroid cancer. His decision to step down from Yahoo was “in part influenced” by the recent diagnosis, the newspaper said.
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