Yahoo confirms trio of executive departures

Yahoo has confirmed the exit of three leading executives: senior VP of audience, mobile and local David Ko, media head Jimmy Pitaro and Americas head Hilary Schneider.

The departure of Schneider prompted a notification from Yahoo to the US securities and exchange commission.

“Yahoo reported that Hilary Schneider, executive VP of the Americas region, will be leaving Yahoo after a transition period,” read the statement.

Media reports cited a leaked memo from Yahoo CEO Carol Bartz which said a successor to Schneider was expected to be announced by the close of the year.

“There’s a lot of interest in joining our team for such a key position and, in the meantime, Hilary will stay on to help with the transition,” read the memo.

The company also issued a separate statement explaining that Raymond Stern, senior VP of North American partnerships and business development, will assume Ko’s responsibilities.

Yahoo has yet to make a statement on who will take over from Pitaro.

This story first appeared on newmediaage.co.uk

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