Yahoo! CEO Marissa Mayer has hired Ken Goldman to become the new chief financial officer at the company. Goldman is replacing Tim Morse. Goldman was previously the CFO of a computer-network security company called Fortinet Inc. Goldman’s position is starting October 22. Morse joined Yahoo! in 2009.
Goldman helped cut costs at Silicon Valley companies over the last 3 decades. Earlier today we wrote about how Marissa Mayer outlined the company’s strategy at an all-hands meeting.
Goldman had cut expenses at Siebel Systems as the CFO for six years before he joined Fortinet. Siebel was acquired by Oracle Corporation in 2006. Goldman and several other executives were scrutinized by the SEC for selectively disclosing market-moving information. Siebel ended up paying a $250,000 fine in 2002 to settle the accusations without admitting or denying any wrongdoing.
Goldman also worked at Sybase (acquired by SAP), @Home Network (acquired by Excite), and VLSI Technology (acquired by Royal Philips Electronics). Goldman seems to have the Midas touch when it comes to tech companies.