Yahoo said Sunday that CEO Scott Thompson will leave the company, more than a week after activist investor Daniel Loeb pointed out that Thompson's official resume was inaccurate. However, the circumstances around Thompson's departure became murkier today.
This morning, The Wall Street Journal reported that Thompson told the company's board over the weekend that he has been diagnosed with thyroid cancer. That diagnosis may have also influenced Thompson's decision to step down from the company's top role.
Thompson first blamed "inadvertent error" for claiming he had a computer science degree from Stonehill College, then apologized in a memo to staff. He had served as Yahoo's chief executive since January.
Interim CEO Ross Levinsohn is a veteran of the media and technology sectors, having held executive positions at News Corp. and PayPal.
Levinsohn told employees in a leaked memo that the company must "focus on the momentum we've created over the last few months" and that Yahoo is "heading in the right direction."
Yahoo's board is now looking for its third CEO in less than a year. Carol Bartz was fired last September.