SUNNYVALE, Calif. (AP) – Trying to better compete with rivals Google Inc. and Microsoft Corp., Yahoo Inc.'s president announced in a staff memo Wednesday its plans to reorganize the company's leadership.
Yahoo's president Susan Decker announced that Gregory Coleman, the company's global sales executive vice president, will leave in February as his responsibilities are folded into a new division.
That division, Global Partner Solutions, will assume responsibility for the company's relationships with advertisers, publishers, ad networks, and others, according to the memo, which was posted on the Wall Street Journal's Web site. Yahoo Executive Vice President Hilary Schneider will lead this new group, Decker said.
Decker characterized Coleman's departure as a mutual agreement.
The announcement is the latest managment shakeup for the Silicon Valley heavyweight. In June, the company's chief sales officer, Wenda Harris Millard, left for a job at Martha Stewart Living Omnimedia Inc.
“I know there have been many changes at Yahoo! over the last few months, and I know that change is not always easy,” Decker wrote. “I am confident that we are putting the right people in the right positions to focus on the right opportunities.”
A Yahoo spokeswoman did not immediately return a call seeking comment.