Market Commentary and Intraday News

Ex-Yahoo CEO becomes head of ShopRunner

301 days ago

(AP:NEW YORK) ShopRunner, a site that gives members two-day shipping from some e-commerce sites, says its new CEO is Scott Thompson, the former CEO of Yahoo.

Thompson left Yahoo in May after it emerged that his resume inaccurately ascribed him a degree in computer science. He had the job for only four months.

Much like Amazon's Prime service, ShopRunner provides faster shipping from shopping sites in exchange for membership fees. It's also planning to introduce an online payment service, and says Thompson's experience as the CEO of PayPal would be valuable

ShopRunner says CEO and co-founder Mike Golden will stay on as president.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

View all of today's news »