Yahoo! has announced that it is now on the search for a new chief executive officer (CEO), something search engine optimisation businesses may be interested to hear.

The statement follows its co-founder, Jerry Yang, returning to his former role as chief, after the existing appointment has been filled.

Chairman of the company Roy Bostock said Mr Yang has led the repositioning of the organisation, along with improved alignment of costs and revenues.

He added: "Jerry and the board have had an ongoing dialogue about succession timing and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level."

Mr Bostock went on to say that the organisation is thankful to Mr Yang for his contributions as chief executive officer and that the company is pleased he is staying involved.

The news comes as DivX has sued Yahoo! for breach of contract, alleging it broke a joint internet advertising agreement that accounts for more than 20 per cent of DivX’s revenue.

The lawsuit in state court seeks at least $25 million (16.41 million pounds) in damages.

News brought to you by ClickThrough – experts in SEO, Pay Per Click Services, Multilingual Search Marketing and Website Conversion Enhancement services.

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