Tuesday, December 05, 2006

Yahoo! Announces Major Reorganization

Elise Ackerman writes in The Mercury News:

Yahoo announced a major reorganization this evening, finally addressing critics who for months have questioned Yahoo's ability to effectively compete with other Internet giants.

In an announcement sent at 5:38 p.m., Yahoo said Dan Rosensweig, the chief operating officer, would leave Yahoo at the end of March.

Sue Decker, the chief financial officer, is being promoted to head one of three new business groups focused on advertisers and publishers. The other two groups are a technology group, which will be headed by Chief Technology Officer Farzad Nazem, and an audience group, whose leader has not yet been determined.

More here.

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