Ross Levinsohn becomes 4th person to lead Yahoo in last eight months

Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by an exaggeration about his education that destroyed his credibility as he set out to turn the long-troubled Internet company around.

Ross Levinsohn, who oversees Yahoo's content and advertising services, is taking over as interim CEO. He becomes the fourth person to run Yahoo in eight months.

Yahoo hired Thompson, the former head of eBay's PayPal, in January to orchestrate a reversal. Though Yahoo is one of the Internet's most-visited websites, the company has struggled to grow in the face of competition from the likes of Google and Facebook. The company's difficulties have irked investors. Thompson took the helm as Yahoo's fourth chief executive in less than five years.

Thompson's abrupt exit after just four months on the job came as part of the latest shake-up on Yahoo's board of directors, which has been in a state of flux for several months. Yahoo Chairman Roy Bostock and four other directors who had already announced plans to step down at the company's annual meeting later this year are leaving the board immediately.

The internet giant has been witnessing complete hurricane in its core members in last few months, which must not continue any longer for the company to maintain its position and reputation in the IT market.