CNBC published that Gowrappan was unsure of his future job status last month as private equity firm Apollo ended its transaction of Yahoo, beforehand known as Verizon Media, on September 1. Apollo spoke Gowrappan was Yahoo’s CEO last week in its statement that it finished the acquisition. The CEO swap occurred just eight days after Apollo took control over Yahoo.
Lanzone’s Addressing to His Team
He addressed his team by saying that they’ve started a new chapter in their history. He is exceedingly proud of all that they have achieved together over the past three years. Like the start of any subsequent chapter, this is a natural moment for change. He will take on a new role as a senior advisor to Apollo.
This role will allow him to support their next phase of development and sustained investment in the company. He expressed his excitement over welcoming Jim Lanzone as the new CEO of Yahoo, effective September 27, 2021. Jim is a skilled technology and media leader with two decades of leadership expertise and a deep track record of increase, innovation, and an entrepreneurial vision.
He added that he has every confidence that Jim will be a tremendous leader for the new Yahoo. Lanzone and Jim will act together to support a seamless change, confident he will develop on companies accomplishments and lead them into the prospect.
Lanzone entered the company three years ago as a member of Verizon. Today, they’re a standalone company with the considerable potential to grow ahead of what they have achieved thus far. By his words, they have the best team with the right products, content, and technology to develop the future of Yahoo.
The following chapter is a testimonial of the great work the team delivered against a focused strategy. Together, he added, they returned to growth, and he is grateful to call them his colleagues and friends. Presently, he looks forward to assisting and supporting their continued progress.