Wall Street Journal’s blog “AllThings D” reported that Scott Thompson, CEO of Yahoo! will be stepping down..

The journal cited multiple unnamed sources close to the situation, reporting that the internet giant will say Thompson is stepping down for personal reasons.

Thompson had been under fire for mentions on his resume of a computer science degree he never received.

The journal reported the board of Yahoo! Inc. will meet Sunday to accept the resignation and appoint the company’s global media head, Ross Levinsohn as interim CEO. The board will also select new directors and a new chairman.     

The new board members reportedly are three of those nominated by Daniel Loeb, an activist shareholder and manager of hedge fund Third Point.

Loeb discovered the resume discrepancy.