Yahoo! Hires New CFO

Yahoo! Inc. (YHOO), which has just been edged out of the top two search engines by Microsoft’s much-touted Bing, has hired a new CFO as it tries to regain its Web supremacy.

Timothy Morse is moving to Yahoo! from Altera Corp., a semiconductor company. He also worked as CFO there.

Morse replaces Blake Jorgensen and will report to new Yahoo! CEO Carol Bartz. He starts at Yahoo! next week but won’t officially take the CFO reigns until July 1.

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