Semel Out As Yahoo CEO, Replaced By Yang
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SAN JOSE, Calif. _ Yahoo Inc. announced Monday that it has replaced Chief Executive Terry Semel with co-founder Jerry Yang, a week after shareholders expressed strong dissatisfaction with Semel's performance and pay.
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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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YAHOO co-founder Jerry Yang today took over as chief executive following the ousting of Terry Semel.   Semel quit last night after attracting increasing investor wrath as Yahoo lags behind arch-rival Google by almost all measures.
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Yahoo said yesterday that Wenda Harris Millard, its longtime chief sales officer, is leaving amid a reorganization of Yahoo's sales team.
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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a likely successor to the current CEO and simplifies the Internet media company's structure.
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CEO is set to be replaced by firm's president, Alan Schwartz, according to news reports.
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It's very clear now that one of Yahoo's principal goals in this latest reorganization, led by once-and-future CEO Jerry Yang and newly elevated President Susan Decker, is to distinguish itself from Google rather than catch up to it.
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Dethroned Yahoo chief executive Terry Semel left the struggling Internet firm's board of directors on Thursday.
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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 Inc confirmed on Friday  that Chief Marketing Officer Cammie Dunaway, a member of the  Internet media company's executive team, was leaving the  company, effective November 2.
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Lloyd Braun, ousted last year as the chairman of ABC Entertainment, will become head of entertainment and media content for Yahoo, the company announced yesterday.
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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.
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Oh! Noes! Yahoo! is using the departure of its US head of sales to reorganise its sales department.â¦
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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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SUNNYVALE, Calif., June 18  /PRNewswire-FirstCall/ -- Yahoo! Inc. , a leading global Internet company, today announced that the Board of Directors has appointed Jerry Yang, Yahoo! co-founder and long-time board member, as Chief Executive Officer.
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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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Yahoo Inc. on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.