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Former Autodesk chief Carol Bartz has been chosen by Yahoo to be that company’s new chief executive.

She will be replacing Yahoo co-founder Jerry Yang, who angered investors by turning down a $47.5-billion takeover bid from Microsoft last year. That would have made Yahoo stock about $33 a share. It has now collapsed to about $12, according to the BBC.

The appointment of Bartz brings to an end the two-month search for a successor to Yang. Internet pioneer and co-founder of Yahoo, Yang gave up his CEO position after potentially lucrative deals nearing 50 million dollars with Microsort Corp. collapsed.

Before her 14-year stint leading Autodesk, Bartz, 60, was at Sun Microsystems, eventually becoming the company’s second-in-command.

She has been named in Fortune Magazine’s list of the 50 Most Powerful Women in Business and Baron’s list of the World’s Most Respected CEOs.

Yahoo’s shares fell 3.5 percent and then by a further percent. Analysts say that although Bartz is no insider of the internet industry, the business is not necessarily in need of that. Rather, what Yahoo really requires is someone who can bring order back to the internet giant, and it is precisely these kinds of leadership qualities that Bartz has demonstrated on numerous occasions.

Wall Street analysts are saying the Microsoft deal could be back on the table now that Bartz is at the helm.