Top Executives Quitting Yahoo!
Top Executives Quitting Yahoo!Jun 30 2008 - Business, Search - Farhad Divecha
In the last few weeks, several of Yahoo!’s top executives have handed in their papers and are moving on to other jobs.
Executive Vice President of Search and Advertising Technology, Qi Lu, is quitting and has plans to go to China.
Senior Vice President of Search, Vish Makhijani, is likely to join Yandex, Russia’s leading search engine as Head of SF area operations.
Brad Garlinghouse is reported to be “considering alternatives”.
Jeremy Zawodny, popular blogger and Technology Evangelist at the beleaguered search enigne is moving to Craigslist.
Jeff Weiner, Executive Vice President of the Network Division, is also among those who are ready to move on.
Due to the reorganization plans, some of these executives had been reassigned to the new Global Products Group under Ash Patel, who has been with Yahoo! for well over a decade, and is the Executive Vice President of Yahoo! Platforms and Infrastructure.
The co-founders of Flickr, Stewart Butterfield and Caterina Fake, and founder of Del.icio.us, Joshua Schatcher, are also leaving Yahoo! Both these companies had been acquired by Yahoo! in 2005.
Edward Kozel, a director who was with the company since 2000, has also resigned.
Usama Fayyad, Chief Data Officer and Executive Vice President of Research and Strategic Data Solutions, has also resigned.
Executive Vice President of Global Partner Solutions, Hillary Schneider, is likely to be given added responsibilities, and both she and Ash Patel will report directly to President Sue Decker, who is in charge of the reorganisation.
Yahoo! officials have denied that these resignations have anything to do with the failure of talks between Yahoo! and Microsoft. They claim that all the executives have left for personal reasons. However, this is not sending a good signal to Wall Street, as Yahoo! shares have continued to fall, reaching $20.66 on Monday.