Yahoo! Appoints Google's Mayer CEO

James Rogers

NEW YORK (TheStreet) - Yahoo!(:YHOO) has named Google(:GOOG) executive Marissa Mayer as its new CEO.

Mayer, who was employee no. 20 at the search giant, has served in a number of roles at Google, most recently overseeing the company's Location, Maps and Local services.

"I am honored and delighted to lead Yahoo!, one of the internet's premier destinations for more than 700 million users," she said, in a statement released by Yahoo!. "I look forward to working with the Company's dedicated employees to bring innovative products, content, and personalized experiences to users and advertisers all around the world."

The handful of female tech CEOs includes IBM's(:IBM) Ginni Rometty, and Meg Whitman of HP(:HPQ).

Yahoo shares rose 1.69% to $15.91 in extended trading on Monday. Google's stock dipped 0.36% to $572.83.

--Written by James Rogers in New York.

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