Replaced on an interim basis by CFO Tim Morse as search for a new boss begins.
Yahoo is on the hunt for a new CEO after its previous boss Carol Bartz was removed from her duties by the company's board of directors.
Bartz broke the news to staff herself in a terse email sent from her iPad. "I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward."
Yahoo followed up with an official announcement, confirming the sacking while revealing that current CFO Tim Morse will fill in as interim CEO, backed by an 'Executive Leadership Council' of senior executives from the company. The board is kicking off the search for a permanent replacement, while also launching a wider strategic review of Yahoo's business.
"The Board sees enormous growth opportunities on which Yahoo! can capitalize, and our primary objective is to leverage the Company's leadership and current business assets and platforms to execute against these opportunities," says chairman Roy Bostock in a statement.
Yahoo has been an active participant in the mobile industry in recent years across its business, although many of its key mobile executives have left the company in the last two years.