Microsoft Confirms Yahoo's Lu to Run Online Services
Microsoft confirmed Thursday that it has tapped former Yahoo executive Qi Lu to run its struggling Online Services Group.
Lu, formerly Yahoo's vice president of engineering for the Search and Advertising Technology Group, will take over as president of Microsoft's Online Services Group on Jan. 5, Microsoft said. Lu left Yahoo in August after 10 years at the company.
In his new role at Microsoft, Lu will report to CEO Steve Ballmer. Lu is replacing Brian McAndrews, the former CEO of digital advertising and services firm aQuantive and senior vice president of Microsoft's Advertiser and Publisher Solutions Group, who will transition out of Microsoft in the next several months, the company said.
Microsoft purchased aQuantive in May 2007 in a US$6 billion deal, the largest acquisition the company has made to date. McAndrews will consult with Ballmer and Lu during the remainder of his time at the company to smooth Lu's transition to his new role, Microsoft said.
(More to follow.)