All Things D today broke the news that Yahoo!'s Carol Bartz has been "removed by the Board from her role as Chief Executive Officer." The company has since confirmed the news with an official press release announcing "leadership reorganization." The executive shuffle will see Carol replaced by CFO Timothy Morse. Timothy will act as interim CEO (and still fulfill his duties as CFO) while Yahoo! conducts a search for a new chief executive officer. Aside from appointing Morse as interim CEO, Yahoo! has also formed a new Executive Leadership Council that will help in the running of day-to-day operations.
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