(RealTimeTraders.com) - Wednesday afternoon, global Internet company, Yahoo! Inc. (YHOO) announced it has appointed Michael Callahan General Counsel and Secretary. Mr. Callahan succeeds Jon Sobel to the position, and will assume his responsibilities September 2nd.

Mr. Callahan will be responsible for managing worldwide legal affairs, policy, and strategy, and will report to CFO and Executive VP of finance and administration, Susan Decker. He will lead the company’s legal professionals and serve as secretary to the Board.

Mr. Callahan was earlier deputy general counsel and assistant secretary, overseeing legal issues related to securities, mergers and acquisitions, employment, finance, real estate, governance, and other corporate practices.

Ms. Decker said, “Michael is an exceptional legal talent and has an in-depth understanding of the issues that affect Yahoo!. He has consistently provided excellent legal counsel and strategy to the company in critical areas such as corporate governance and securities, and has earned the trust and respect of Yahoo!'s executive team. His strong leadership abilities are an important component to sustaining the coordinated efforts of Yahoo!'s highly-skilled legal team.”

Yahoo! is currently up 1 cent at $32.04.

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