Carol Bartz confirmed that she is no longer the CEO of Yahoo in an email that appears to have been sent from her iPad to all employees of the company.

This is the note Bartz just sent out to Yahoo employees:

To all,

I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward.

Carol

Sent from my iPad

Yahoo has since confirmed that Tim Morse, who joined Yahoo from Altera as the company’s new CFO in June, will become Interim CEO as Yahoo searches for a permanent replacement. Morse will also continue to serve as CFO during the interim.

Yahoo’s Chairman, Roy Bostock’s statement, via press release, is as follows: “The Board sees enormous growth opportunities on which Yahoo! can capitalize, and our primary objective is to leverage the Company’s leadership and current business assets and platforms to execute against these opportunities”.

Yahoo Co-founders David Filo and Jerry Yang will each continue as Chief Yahoos, counseling Morse as well as the Circle of Elders — the Leadership Council — during the interim.

Bartz replaced Yahoo Co-founder Jerry Yang in 2009 as CEO. Yahoo needed a strong leader to replace Yang, and many hoped Bartz would bring the gusto the once-big-search company needed. Between March 2009 and March 2010, Bartz held a 77 percent approval rating among her employees, whereas by March of this year, her approval rating dropped to 50 percent. While that approval rating still remained higher than that of her predecessor, it seems that the Yahoo board has since become restless.

Yahoo was quietly looking for a replacement for Bartz in June— something which Yahoo denied. Yahoo’s declining relevancy in the tech world is no secret but we hope that it rises to its original popularity.