TOKYO -- Yahoo Japan's business model may be stuck in the 1990s, but the company hopes that a leadership shakeup later this year will spark innovation to spur higher stock prices and compete against U.S. internet giants.
"There is still growth potential in the internet. I want to create a company that takes the lead on new ideas," said Kentaro Kawabe, senior executive vice president, who was introduced as Yahoo Japan's next CEO at a press conference in Tokyo on Wednesday. His appointment will be confirmed at the company's general shareholders meeting in June.
