Yahooâs Ex-Chief Is Leaving Its Board
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Terry S. Semel, the ex-chief executive who is credited with reviving Yahoo and then losing touch, is leaving the companyâs board.
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Yahoo hired Hilary Schneider, a former Knight Ridder executive to oversee the companyÂs classifieds, travel and shopping sites.
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Yahoo Inc. on Monday tapped  co-founder Jerry Yang to replace Chief Executive Terry Semel,  bowing to investor pressure as the Internet media company has  failed to keep up with rival Google Inc..
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Yahoo's chief executive Terry S. Semel resigned yesterday as part of a management shuffle designed to reverse flagging fortunes as the company continues to lose ground to rival Google.
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Yahoo Inc. said on Sunday the  Internet media company was merging the two main parts of its  U.S. advertising business under one sales executive, David  Karnstedt, and that veteran advertising sales executive Wenda  Harris-Millard has left the company.
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Michel Mayer is leaving his dual role as chairman and CEO for the semiconductor company.
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Yahoo Inc. on Monday tapped co-founder Jerry Yang to replace Chief Executive Terry Semel, bowing to investor pressure as the Internet media company has failed to keep up with rival Google Inc.
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Yahoo Inc. on Monday tapped  co-founder Jerry Yang to replace Chief Executive Terry Semel,  bowing to investor pressure as the Internet media company has  failed to keep up with rival Google Inc.
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(InfoWorld) - Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company, Yahoo said Tuesday. The company said the new groups will help it focus on its most important customer segments: the consumer audience, advertisers, and publishers, in an effort to compete more aggressively. Once an Internet and Wall Street darling and consistently one of the Internet's top three sites, the company has struggled in the face of a changing Internet landscape, including the rise of social networking sites, and sharp competition from rivals like Google. The move was not entirely unexpected. Last month, an internal document now known asÂ the "Peanut Butter Memo"Â called for such a reorganization. The memo, written by Yahoo Senior Vice President of Communications and Communities Brad Garlinghouse, accused the company of involving itself in too many separate activities, spreading itself too thin like a layer of "peanut butter," and said it should focus instead on key areas. It also recommended up to a 20 percent reduction in headcount, although no cuts were announced in Yahoo's Tuesday statement. The new units are the Audience Group, the Advertiser & Publisher Group, and the Technology Group. Each group's head will report directly to Chief Executive Officer Terry Semel. The Audience Group will focus on its existing consumer products, such as search, Web-based e-mail, and news aggregation, while developing social networking, mobile and handheld content, and international offerings. Yahoo said a search was underway for a group head. The Advertiser & Publisher Group will handle advertising and relationships with Yahoo partner publishers. It will create a global advertising network both on and off Yahoo sites, but the company did not specify how that will happen, although it recentlyÂ partnered with U.S. newspapersÂ to provide targeted local advertising. Yahoo Chief Financial Officer Susan Decker will oversee this group. Decker will surrender that title and the company will seek a replacement for her, Yahoo said. Yahoo's new Technology Group will be charged with building and maintaining the infrastructure for these new efforts, and will continue its work on "Project Panama." The codenamed initiative is believed to be a new advertising system designed to compete with Google's AdWords, with ads served according to search terms entered by users. Chief Technology Officer Farzad Nazem will head the unit. The new units and titles will take effect beginning January 1, 2007. Rosensweig will leave at the end of March, Yahoo said. No replacement was immediately named.
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By Jonathan Thaw  Yahoo said Thursday that its chief technology officer, Farzad Nazem, resigned to spend more time with family. Nazem is to leave on June 8, Yahoo said in a regulatory filing.
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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor to the CEO and simplifies its structure as it battles faster-growing rival Google.
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EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said today.
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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. &#151; a losing battle that had demoralized Yahoo's shareholders and employees.
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Terry Semel stepped down as Yahoo Inc.'s chairman Thursday, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure.
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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.
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Terry Semel quits as the chief executive of internet search firm Yahoo and is replaced by co-founder Jerry Yang.
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(InfoWorld) - Yahoo's CTO, Farzad Nazem, is stepping down. Farzad has been with the company since 1996 and had served as CTO for the past decade, overseeing Yahoo's engineering and product development. He also served as head of Yahoo's Technology Group. He leaves as the company is struggling to compete with Google, the leader in the Internet advertising and search space. "After spending the last 26 years in this fast-paced technology industry, I've finally decided it's time to slow down," Nazem wrote Wednesday in a posting to the company's blog. No replacement for Nazem has been announced, but Yahoo co-founder Jerry Yang "will be acting as the interim executive sponsor of the Technology Group until we identify my permanent replacement," Nazem said. Nazem's resignation was disclosed in a company filing with the U.S. Securities and Exchange Commission, made Wednesday. His resignation is effective June 8, the filing states.