Tim Koogle's Connection at Friendster

The leader among social-networking Web sites has made the former Yahoo! CEO its interim chief. Is this a lasting match?

Former Yahoo! (YHOO ) Chief Executive Tim Koogle, who left the Internet giant during a steep swoon in 2001, is back in a corner office. BusinessWeek has learned that Koogle quietly took over as interim CEO of Friendster, an online community that connects some 7 million people, in late March. Although rumors have swirled on the Internet that Koogle, 52, may be poised to take the helm at Friendster, a company spokeswoman says he's only a stand-in and that Friendster is still searching for its permanent CEO. Koogle, who's also on its board, declines to discuss the rumor.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.