UPDATE: Yahoo Names CFO Tim Morse as Interim CEO

Yahoo YHOO named Tim Morse, current Chief Financial Officer, as the company's interim CEO, replacing outgoing CEO Carol Bartz. As CFO, Morse was responsible for the company's finance, investor relations, and mergers and acquisitions groups and played a key role in developing the company's business strategy. Prior to joining Yahoo!, Morse was the CFO of Altera Corporation, where he established scalable, cost-effective processes and controls. Morse previously served as the CFO and general manager of business development for General Electric Plastics. A 15-year veteran of GE, Morse also held a variety of positions at GE Plastics, GE Appliances and GE Capital in North America, Europe and Asia. Morse holds a bachelor's degree in finance and operations and strategic management from the Boston College Carroll School of Management.