Yahoo to lose three executives

first_img Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Yahoo Inc confirmed the departure of three senior executives, including US head Hilary Schneider, the latest in a string of high-level departures at the Web portal.The departures raise concerns about Yahoo’s efforts to revive its revenue growth and its popularity among Web surfers, nearly two years after CEO Carol Bartz took the helm, said analysts.In an internal email to Yahoo employees obtained by Reuters, Bartz urged employees to “stay calm.”“We have a good plan in place. In fact, I’m more fired up than ever and can roll with the punches,” Bartz wrote.Yahoo said it expects to replace Schneider, the executive vice president of the Americas Region, by the end of the year.Jimmy Pitaro, Vice President of Media at Yahoo, and David Ko, SVP Audience, Mobile and Local, North America, are also leaving the company. Yahoo said that Ko will be replaced by Raymond Stern, the company’s head of business development and partnerships.Yahoo shares are down 16.4 per cent this year.Yahoo has made progress boosting its profit margins and struck a money-saving search partnership with Microsoft Corpnder Bartz’s leadership, but Yahoo’s revenue growth remains stagnant, growing two per cent year-over-year in the second quarter.The Internet pioneer is facing increasing competition from social networking services like Facebook, which are attracting greater numbers of online visitors and advertisers. Yahoo to lose three executives Share Tags: NULL Friday 1 October 2010 3:40 am John Dunne whatsapplast_img