Yahoo has confirmed that its now former Chief Executive, Scott Thompson, has resigned from his leading role following accusations that he falsely added a science degree to his CV.
The mistake was discovered by the company's activist shareholder Daniel Loeb, who is reportedly set to become a company director.
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The US firm, which is based in Californa, has replaced Thompson with its global media head Ross Levinsohn.
Yahoo has also appointed Fred Amoroso as its new Chairman, with other directors soon to be appointed as well.
In April the company unveiled plans to slash 2,000 jobs, equivalent to 14% of the workforce, one of Thompson's iniatives to reduce costs by as much at £233m each year.
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