The Wall Street Journal reported yesterday that former Vodafone Group Plc CEO Arun Sarin is among the people being considered to succeed Yahoo! Inc Chief Executive Officer Jerry Yang.
The internet company has yet to narrow down a list of candidates, a person familiar with the matter said. A replacement for Yang probably won’t be announced until January, or even later, said the person, who declined to be identified because the discussions are private.
Yahoo is looking for a CEO who can decide on the internet company’s next move after it rejected Microsoft Corp’s bid of as much as $47.5 billion this year. Yahoo has talked to Time Warner Inc about buying that company’s AOL business, and Yang has said he is open to a new takeover offer from Microsoft.
Yahoo, based in Sunnyvale, California, rose 54 cents to $12.20 yesterday in Nasdaq Stock Market trading. The shares have declined 48 percent this year.
Yahoo spokeswoman Kim Rubey declined to comment. Sarin couldn’t be reached for comment.
An informal group of Yahoo board members is leading the search and is considering other executives before discussing selections with the rest of the board, the Journal reported.