Sydney, 3rd September, 2012 - Yahoo!7 today announced that Stuart Sayers has been appointed to the role of Yahoo!7 Chief Executive Officer (CEO), effective September 1, 2012. Sayers replaces Rohan Lund, who will transition to the role of Group Chief Operating Officer (COO) of the Seven West Media Group.

Sayers has nearly 20 years of experience in business management and operations. Most recently, he was COO of Yahoo!7 where he was responsible for the company's technology operations, editorial management, finance, human resources and transactional businesses.

Prior to joining Yahoo!7, he held management and strategy roles at ANZ Bank and E*TRADE. Sayers spent eight years at McKinsey & Company where he consulted to a number of leading businesses regarding corporate strategy, pricing strategy, cost reduction and performance improvement. He began his career in brand management at Procter & Gamble.

"Yahoo!7 is a business with a culture of innovation, partnership and success," said Rose Tsou, Senior Vice President of Yahoo!'s Asia Pacific region and chair of the Yahoo!7 board. "I'm confident that Stuart's strong leadership and the experience of the Yahoo!7 executive management team will help take Yahoo!7 into its next phase of growth."

According to Sayers: "Since I joined Yahoo!7, I've been extremely impressed and energised by the great work already being done and the range of opportunities that lie ahead for the business in a rapidly changing industry. I relish this opportunity to work alongside the Yahoo!7 executive team and the Yahoo!7 board to cement our leadership position and drive continued growth."

/ENDS

For further information please call or email:
Amanda Millar
Head of Trade Marketing and Corporate Affairs Yahoo!7
tel: 02 8288 4758
mob: 0407454229
email: millaram@yahoo-inc.com

About Yahoo!7
Yahoo!7 (yahoo7.com.au) is one of the most comprehensive and engaging online destinations for Australian consumers and advertisers. Formed as a 50-50 partnership between the Seven West Media Group (ASX: SWM) and Yahoo! Inc. (Nasdaq: YHOO), Yahoo!7 brings together the successful Australian internet business, Yahoo! Australia & NZ, and the online assets and television and magazine content of the Seven Network, one of Australia's leading media companies. The company also combines the strengths of Yahoo! search and communications capabilities and its global internet network, with Seven's rich media and entertainment content and marketing capabilities.

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