Under growth pressure, Yahoo’s Mayer searches for revenue chief

Yahoo President and CEO Marissa Mayer delivers a keynote address at the 2014 International CES in Las Vegas, Jan. 7, 2014.

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According to sources close to the situation, Yahoo CEO Marissa Mayer is in the later stages of hiring a chief revenue officer, in an effort aimed at boosting sales at the Silicon Valley Internet giant.

It's a good idea since the company — despite a run-up in its stock due to a 24 percent stake in China's Alibaba — has seen its core business continue to decline under Mayer's leadership over the last two years.

Sources said Yahoo has made an offer to a well-known advertising exec, but that that deal was not consummated as yet.

Read the rest at Re/code.

—By Kara Swisher, Re/code.net.

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