News Summary: Yahoo CEO hires new finance chief

News Summary: Yahoo casts aside cost-cutting CFO, ushers in software veteran as replacement

Associated Press

MANAGEMENT SHAKE-UP: Recently hired Yahoo CEO Marissa Mayer is bringing in someone new to oversee the troubled Internet company's books. Veteran software industry Ken Goldman will replace Tim Morse as Yahoo Inc.'s chief financial officer on Oct. 22.

POSSIBLE SHIFT IN DIRECTION: The change announced Tuesday could signal Mayer plans to ramp up spending as she tries to create more compelling online services that persuade Web surfers to hang around longer. Morse displayed a penchant for cost cutting during his three years at Yahoo.

EXTENSIVE EXPERIENCE: Goldman has been CFO at six other companies, most recently at Fortinet Inc.

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