Yahoo! says the Board of Directors has appointed Tim Morse as chief financial officer (CFO). Reporting directly to Carol Bartz, the chief executive officer of Yahoo!, Morse will be responsible for the company’s finance, investor relations, and mergers and acquisitions groups.
He will commence employment on June 17 and will assume the responsibilities of CFO on July 1, 2009.
“Tim is a natural fit for Yahoo!,” believes Bartz.
Prior to joining Yahoo!, he was the CFO of Altera Corporation, a semiconductor company specializing in programmable logic devices for communications, industrial, and consumer applications. Morse previously served as the CFO and general manager of business development for General Electric Plastics. A 15 year veteran of GE, he also held a variety of positions at GE Plastics, GE Appliances, and GE Capital in North America, Europe, and Asia.
“Yahoo! is an amazing brand with a unique combination of assets, and I am extremely excited to be joining a finance team with a deep commitment to financial excellence and fiscal discipline,” said Morse.
Morse holds a bachelor’s degree in finance and operations and strategic management from the Boston College Carroll School of Management.
Among the other recent appointments, in March Elisa Steele joined the company as chief marketing officer (CMO). Among an array of responsibilities, Steele looks after Yahoo!’s brand and its global marketing strategy. She too reports to Yahoo! CEO Carol Bartz. (Read: Yahoo! Searches CMO, Gets Elisa Steele)
Earlier in January this year, Yahoo! had appointed Bartz, who was executive chairman of Autodesk, as its CEO and a member of the Board of Directors. In November last year, Yahoo! CEO Jerry Yang had decided to quit and resume his role as Chief Yahoo! and a Board Member.