Marissa Mayer’s strategy of using deals to reignite growth at Yahoo! Inc. will hinge on the success of a private-equity veteran named Jacqueline Reses who was largely unknown in Silicon Valley six months ago.
Reses, a 43-year-old finance executive with an economics degree, has been instrumental in closing a spate of acquisitions since her hiring in September. Chief Executive Officer Mayer has put Reses in charge of talent management and mergers and acquisitions, as the biggest U.S. Web portal struggles to reinvent itself and stay relevant in the age of all things mobile. Reses’s mandate has expanded to include partner and culture development, and this week she was given the new title of chief development officer, Mayer said in an interview.