Yahoo’s Bartz out as chief executive

The Carol Bartz era at Yahoo has ended.

Bartz, named Yahoo chief executive in January 2009, is no longer in the job. In a note sent to Yahoo employees this afternoon, Bartz noted that the board fired her.

“I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s chairman of the board,” Bartz wrote. “It has been my pleasure to work with all of you and I wish you only the best going forward.”

Yahoo said that Chief Financial Officer Tim Morse has been named interim CEO. The news was first reported by AllThingsD.

When Bartz took over the CEO role from co-founder Jerry Yang in January 2009, the company was struggling to become more competitive and profitable. One of her first tasks as CEO was a reorganization of Yahoo in an attempt to make the Internet pioneer faster, simpler, and more responsive to those who use its services. But Yahoo has continued to founder under her leadership, never regaining the ground it lost to Web leader Google.

 

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