Yahoo CTO Raymie Stata has stepped down from his role as the leader and shaper of the company’s technology strategy.
The company’s new technology chief is Ash Munshi
Stata will remain an Entrepreneur In Residence (EIR) at Yahoo, a title usually reserved for serial entrepreneurs advising multiple startups at VC firms or incubators.
Stata served in the CTO role for a year and five months; he has been at the company since 2004 and has served in various roles related to architecture.
Of the new CTO, a Yahoo spokesperson said, “Ash has a well-established career managing successful global technology organizations at the most senior levels with a laser focus on meeting and exceeding customer needs.”
Around the time of his appointment to the C-suite, Stata spoke extensively on the relationship between editorial content and technological infrastructure at the company.
“Our goal is to create a personally relevant experience for our users,” he said at an event in June 2010. “Our technical focus is centered around that goal.”
The executive churn rate at Yahoo has given pundits pause over the past year or so. Particularly since the board fired former CEO Carol Bartz last month, the company has been perceived as being in a state of flux and instability.
Yahoo stock took a marked dip this morning and is down 1.43 percent as of this writing.