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May 16, 2007

Yesterday, Yahoo announced that its Board of Directors appointed Blake Jorgensen, the co-founder of Thomas Weisel Partners, as chief financial officer.

Jorgensen will commence employment with Yahoo on or about June 4, 2007. Jorgensen will replace Susan Decker, who has moved into a new role as head of the advertiser and publisher group.

He will be a key member of Yahoo's executive team, overseeing the company's finance, investor relations and mergers and acquisitions groups. Jorgensen will report directly to Yahoo's Chairman and Chief Executive Officer, Terry Semel.

Terry Semel said "Blake has a strong track record of building and running a successful investment banking franchise serving many clients in the Internet and technology industries. His broad financial, operating and strategic experience, which complements the deep financial expertise of our existing team, will make him a valuable addition to Yahoo's senior management."

He added "Blake will help Yahoo continue to execute against our growth plan and identify emerging opportunities, as well as maintain our tradition of financial excellence and fiscal discipline."

Prior to his Yahoo appointment, Jorgensen was with Thomas Weisel Partners, which he co-founded in 1998 and where he served as COO, co-director of investment banking and a member of the Executive Committee.

In these roles, he was instrumental in managing all aspects of the publicly traded investment bank, working in close partnership with the CEO, members of the Executive Committee and the Board of Directors.

Jorgensen also managed the firm's relationships with key investors and managed several strategic alliances with global partners.

Prior to joining Thomas Weisel Partners, Jorgensen was a managing director and principal at the corporate finance department of Montgomery Securities. Earlier in his career, he also worked as an independent management consultant and held roles at MAC Group/Gemini Consulting and Marakon Associates.

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Source: Yahoo press release