Yahoo! Europe has promoted chief strategy officer Toby Coppel to managing director. He replaces Dominique Vidal, who is leaving to start up his own business in the US.
Coppel joined Yahoo! in 2001 and previously worked on the company’s business development, acquisitions and investments.
Yahoo!, which recently launched its Panama online advertising platform, today (Wednesday) reported an 11% fall in profits from the previous year to $142m (£71m).
It signed its first Panama deal last week with Viacom that saw Yahoo! become the exclusive online advertising partner across more than 100 Viacom websites for the next three years.