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Yahoo!'s Semel Steps Down

Stock quotes in this article: YHOO  

Updated from 4:37 p.m. EDT

Following months of speculation and shareholder pressure, Yahoo!(YHOO Quote) CEO Terry Semel is stepping down.

The company announced late Monday that Semel would be replaced in the top job by company cofounder and longtime board member Jerry Yang.

Sue Decker, who was recently moved from chief financial officer to lead the company's advertiser and publisher division, was named president. She will assume leadership of Yahoo!'s business operations, which include the advertiser and publisher group along with the Yahoo! Network, Connected Life and international operations, the company said. ...

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