Yahoo stunned the world Monday when it named Google executive Marissa Mayer as its fifth Chief Executive Officer in four years.

Earlier this summer, it was thought that Hulu Chief Executive Officer Jason Kilar and interim Chief Executive Officer Ross Levinsohn were the frontrunners.

In addition, shell be taking on another difficult job she announced yesterday that she is expecting her first child on Oct.

She will have her work cut out for her at Yahoo, which is known more these days for its dwindling market share and its succession of failed chief executives than for a commitment to anything beyond stemming its decline, writes Mashables Chris Taylor.

In an earnings call held Tuesday afternoon, the company indicated that revenues remained flat.

Mayer will not only need to reverse the trend from stagnant or declining earnings, shell need to remake the image of the company.

While yesterday was to be her first day on the job as Chief Executive Officer, she was not present on the 2nd quarter earnings call, which left many questions about the company unanswered.

On Marissa Mayer’s first day as Chief Executive Officer, Yahoo announced its second quarter earnings, reporting a 4.4% decline in profit compared with the same period last year.

Warren Jobs is a business journalist based in Palo Alto, San Francisco. Warren has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Warren spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.