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Chegg Names Former Yahoo COO Rosensweig CEO

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Former Yahoo (NSDQ: YHOO) COO Dan Rosensweig is leaving Activision (NSDQ: ATVI) after less than a year at the gaming giant in order to take the top job at heavily funded textbook rental startup Chegg. Rosensweig joined Activision last spring to head up the company’s Guitar Hero franchise as president and CEO. It hasn’t been an easy gig for Rosensweig, since Guitar Hero sales have slumped, along with much of the video game industry; he’s being replaced at Activision by David Haddad, the chief operating officer of Guitar Hero.

For Chegg — which raised $112 million in a round this fall — this is the company’s second big CEO hire in less than a year. Chegg hired former Ask.com CEO Jim Safka as its CEO last June but Safka stepped down four months later, “citing personal priorities and family.” Since Safka’s depature, Chegg co-founder Osman Rashid has been serving as interim CEO. Here’s the release.