Yahoo Friday named Jim Lanzone, a veteran tech and media executive, CEO of Tinder and former head of CBS Interactive, as its new chief executive effective September 27.He succeeds Guru Gowrappan, who becomes senior advisor to the private equity business of Apollo Global Management, which acquired Yahoo and other media assets from Verizon in May for $5 billion.
Verizon retained a 10% stake.Apollo said Lanzone will help Yahoo accelerate the growth of its properties as a privately held company and draw on his deep media experience “to drive the next generation of innovation” across its content and advertising platforms.
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