Big shakeup at Yahoo, Decker being groomed for CEO?
Yahoo announced a big shakeup, promoting Chief Financial Officer Susan Decker as a likely successor to the current chief executive, and recasting itself into three coherent business units. The move comes amid criticism Yahoo has failed to compete, and after long slow slide in its stock price.
Decker will take over the unit focused on advertising, which is Yahoo’s main source of income. Chief Technology Officer Farzad Nazem pictured below, will head the company’s technology unit. The third unit, focused on user activities, will incorporate things like media, communication, and other product groups.
The Mercury News has a good summary here. Chief Operating Officer Daniel Rosensweig, and Yahoo Media leader Lloyd Braun will leave the company in March.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
