Jim Lazone will take the reins of Yahoo (YAHOO) as its new CEO on September 27.
Investment firm Apollo (ARI) - Get Apollo Commercial Real Estate Finance, Inc. Report, which closed its acquisition of Yahoo from Verizon A (VZ) - Get Verizon Communications Inc. Report on September 1, tapped him to lead Yahoo.
"Jim has a remarkable track record of leading and growing innovative businesses in our industry, and we are thrilled to welcome him on board. With his experience and proven management skills, we are confident Jim is the right leader to steward Yahoo through a transformational new phase that can leverage the best of Yahoo’s platform and performance to reach new heights,” said Yahoo Chairman and Apollo Partner Reed Rayman.
Lazone, 50, has had an incredible career in the world of entrepreneurship. He had served as the CEO of Tinder, a popular dating app, since July 2020.
“I am so honored to have the opportunity to lead Yahoo and represent such an iconic portfolio of brands as we enter a transformational new era for the company,” said Lanzone, in a statement.
Before joining Tinder, he had served as the President and CEO of CBS Interactive for about 8 years. He joined CBS following the company's acquisition of Clicker Media, which he co-founded in 2009.
Prior to that, he worked at search engine Ask.com from 2001 to 2008. After serving in various roles at Ask.com, he became the CEO of the company in 2006.
“I cannot wait to hit the ground running with the Yahoo leadership team and Apollo to help grow the business exponentially in the years ahead," said Lazone, who holds a dual JD/MBA degree from Emory University.