More Yahoo execs jump ship

Michael Carroll
04 Oct 2010
00:00

Yahoo has plunged deeper into crisis with the departure of three more top executives.

Americas senior vice president Hilary Schneider resigned last Thursday, along with deputies David Ko and media James Pitaro, who respectively headed up the mobile and media divisions.

Schneider will remain at the firm for the rest of the year to assist in finding a successor, which Yahoo hopes to appoint by Christmas, the New York Times reported.

Silicon Valley blog Tech Crunch reported that Jeff Kinder, senior vice-president of media products and solutions, was also set to jump ship, sparking a likely company re-organization.

The departures follow the resignation of advertising head David Ku last month after eight years with the firm, and point to increasing disquiet among managers at the web portal after chief technology evangelist Ash Patel quit earlier this year.

CEO Carol Bartz has previously attempted to play down talk of a management crisis at the firm, noting that most employees who have quit are several rungs down the ladder from board level.

The firm is still the leader in web display advertising but has struggled to compete against rivals such as Google in search ads and mobile and Facebook in social networking.

Bartz urged employees to keep faith with the firm’s restructuring plans in an internal email announcing the latest departures, noting that the firm can “roll with the punches,” Reuters reported.

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