Yahoo ex-CEO Semel leaving board
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Yahoo Inc  nonexecutive Chairman Terry Semel is leaving the board, the Internet company said on Thursday, announcing the end of its formal ties with the ex-CEO credited with reviving the company and then losing touch.
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After just a six-month stint as the head of the company's technology arm, Yahoo CTO Farzad Nazem will leave the company June 8. The announcement was revealed in a Wednesday filing with the Securities and Exchange Commission.
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Yahoo Inc.  is merging  the two main parts of its U.S. advertising business after  veteran sales executive Wenda Harris Millard resigned, the  latest in a string of executive departures.
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Terry Semel ended his six-year run as Yahoo Inc.'s chief executive officer on Monday, and the company's co-founder Jerry Yang will take over from him, the company said.
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Yahoo's top sales executive is on his way out, and a new global sales organization has been created.
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SAN FRANCISCO -- Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. _ a losing battle that had demoralized Yahoo's shareholders and employees.
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Wall Street's applause for Yahoo's (YHOO) choice of a new chief executive didn't last long. While the shares got a boost immediately after the company said Jerry Yang would replace Terry Semel as the company's top Yahoo, the stock gave up part of those gains the following day, June 19.
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By David Quainton  Yahoo! has handed almost all its UK business to Hill & Knowlton.   As broken on PRWeek.com this Monday, the appointment sees the internet firm part ways with Bite Communications, Brands2Life and Cohn & Wolfe.
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On the eve of Microsoft's $44 billion bid for Yahoo, former Yahoo CEO Terry Semel announced his resignation from the Yahoo board of directors. Semel presided over a multiyear decline in Yahoo's market share, while collecting nearly half a billion dollars in compensation.
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(InfoWorld) - Yahoo Inc. has shaken up its top management ranks once again, as the struggling Internet giant continues tweaking its organizational structure to boost advertising sales, its main source of revenue. In the latest shift, Yahoo President Susan Decker announced in a memo to staff that the company's top sales executive is on his way out and that a new global sales organization has been created. Major management shakeups have become frequent at Yahoo in the past 10 months, as the company urgently tries to compete better, not only against archrival Google Inc. but also against nimble startups, and turn around its generally disappointing financial performance. Two months ago, co-founder Jerry Yang took over as CEO and chairman from Terry Semel, while Decker, former chief financial officer and head of Yahoo's advertiser and publisher group, became president, a drastic change driven by widespread investors' dissatisfaction with the company's direction. In particular, Semel took the fall for Yahoo's inability in recent years to profit as heavily as Google has from search engine-based pay-per-click advertising and for missed opportunities in hot markets like social networking and video sharing, where the company lacks strong services. A week after Semel's demotion to non-executive chairman,Â Yahoo combined its search and display advertising sales teams in the U.S. It was an attempt to extend the company's long-standing, core display advertising client relationships to the pay-per-click business, which generates about 40 percent of the industry's online advertising. Just seven months earlier, in December,Â Semel had rolled out a major reorganization, creating three main business units to focus on Yahoo's key customer segments: consumers, advertisers and publishers. At the time, Semel also announced that Dan Rosensweig, then chief operating officer, would leave the company. That reorganization was preceded by a widely publicized internal memo that was leaked to the media in November and came to be known as the Peanut Butter Manifesto. In the scathing memo, Brad Garlinghouse, Yahoo's senior vice president of communications and communities, called for a major reorganization, saying the company lacked "a focused, cohesive vision" that had made it "reactive" and eager to be "everything to everyone." Since theÂ uproar over the Peanut Butter Manifesto and the ensuing shakeups, Yahoo has seen quite a few changes in its upper management ranks. In addition to Semel's demotion and Rosensweig's departure, also gone are Wenda Harris Millard, who was chief sales officer, and Chief Technology Officer Farzad Nazem. In June, The New York Times reported that, in addition to these executives, at least 17 others at vice president level or higher had left Yahoo since the December reorganization. In the memo she penned on Wednesday, obtained by IDG News Service, Decker acknowledged that "there have been many changes at Yahoo over the last few months, and I know that change is not always easy." However, with the latest moves, she feels that the company now has "the right people in the right positions to focus on the right opportunities." Someone who will not be around much longer is Gregory Coleman, executive vice president of global sales, who, Decker announced, will exit the company in February. The new sales division, called Global Partner Solutions, will be led by Hilary Schneider and deal with all of the company's partners, including advertisers, agencies, resellers, publishers, ad networks and developers. "This new group will be charged with creating, delivering and coordinating global best practices for solutions to all of our partners," Decker wrote. "It will also have direct responsibility for our U.S. sales, marketing and business development efforts, including all ad formats, like search, display, video and mobile; all marketing activities; and all customers, including large enterprises and small businesses." "Global Partner Solutions will be responsible for segmenting the business needs of our partners into actionable groups, understanding the needs of these segments and our ability to meet these needs, developing holistic business strategies to delight and surprise these segments, and executing on these strategies," the memo reads. "This approach will help us achieve faster, smarter decision-making and improved execution in support of better serving our customers." Yahoo didn't immediately return calls seeking comment. Â
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Yahoo! sales leader Wenda Harris Millard has resigned amid a reorganization of Yahoo!'s sales team, the Sunnyvale, Calif., company said.
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The former ABC executive, who was ousted in a management shakeup at the network in April, has been appointed to oversee Yahoo&#39;s media and entertainment properties.
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Blog: Can co-founder Jerry Yang fix Yahoo, or did the board jump the gun when it replaced Terry Semel with the chief Yahoo?
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BREAKING NEWS - After what may have been the weakest show of support for the company's executive team in last week's shareholders' meeting, Terry Semel has resigned the post of CEO of Yahoo this afternoon, as has accepted the post of non-executive chairman of the company's board of directors.
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Bleeding market share, managerial talent and investor confidence, Internet giant Yahoo on Monday replaced chief executive Terry Semel with company co-founder Jerry Yang.
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Terry Semel will hand over the reins to Jerry Yang in Yahooâs latest attempt to regain investor confidence.
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Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.