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Yahoo reportedly names Google's Mayer as CEO

7/16/12 4:15 PM ET (MarketWatch)

SAN FRANCISCO (MarketWatch) -- Yahoo Inc. on Monday named Google Inc. executive Marissa Mayer as its new chief executive, according to a report from the New York Times. Mayer, an engineer by training, was one of the first employees ever hired at Google , and considered a key contributor to the success of Google's search business. Mayer will reportedly join Yahoo on Tuesday and takes over from interim CEO Ross Levinsohn. Yahoo is also scheduled to give its fiscal second-quarter results after Tuesday's market close. Yahoo's shares were up by 2% in after-hours trading.