Yahoo Names Ken Goldman CFO

New CEO Marissa Mayer replaces finance chief Morse.

Yahoo! Inc. Chief Executive Officer Marissa Mayer hired Ken Goldman to succeed Tim Morse as chief financial officer, making her biggest management change yet after taking the reins of the struggling Web portal.

Goldman was previously chief financial officer at Fortinet Inc., a provider of computer-network security. His appointment is effective Oct. 22, while Morse, who joined in 2009, is leaving later this year, Sunnyvale, California-based Yahoo said in a statement yesterday.

Cost Cutting

Goldman was known for trimming expenses at Siebel Systems, where he worked as CFO for six years prior to joining Fortinet, said Howie Shohet, an executive who reported to Goldman while at the customer management software maker.

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