Yahoo names Tim Morse as CFO

Yahoo said Tim Morse will become it's new finance chief. Morse had the same role at chip maker Altera.

Naming a new CFO, a role viewed by many as second only to the chief executive, is the most significant step taken by Yahoo (YHOO) CEO Carol Bartz since joining the internet company in January. Bartz, who came from Autodesk (ADSK), has been filling management positions at Yahoo with others who don't have experience at Web companies.

The fact that she didn't have management experience at an internet company doesn't mean she's "too old and too stupid to know what the internet is," Bartz said last month at the All Things Digital conference. She said she came to Yahoo because the company "needed some structure, and I'm quite good at that."