05/14/2012 04:15 am ET

Scott Thompson, Former Yahoo CEO, Reportedly Diagnosed With Thyroid Cancer

Scott Thompson, who stepped down as the chief executive officer of Yahoo Inc. over the weekend, has reportedly been diagnosed with thyroid cancer.

According to The Wall Street Journal, Thompson, 54, told his colleagues about the diagnosis just before tendering his resignation from the search engine giant.

In recent weeks, the former PayPal president has faced criticism from Daniel Loeb, a Yahoo investor and the founder and CEO of hedge fund Third Point, for allegedly embellishing academic credentials on his resume. On May 7, Thompson issued an apology to employees for the brouhaha.

Thompson was named Yahoo's chief in January after the board ousted CEO Carol Bartz. With his departure, Ross Levinsohn has been appointed the company's interim CEO, AllThingsD reported, and Fred Amoroso will take over as board chairman, replacing Roy Bostock.