Yahoo! confirms three top executives are resigning

1 Oct 2010

Yahoo! CEO Carol Bartz has confirmed that three of its executives are leaving the company, including US media and advertising executive Hilary Schneider, US audience head David Ko and VP of Media Jimmy Pitaro.

It was rumoured in reports yesterday that the three executives would be leaving the company.

All Things Digital also found an internal memo from Bartz, asking the company to “stay calm” and said they had “a good plan in place.”

She said Schnieder would stay until a replacement is found for her.

Ko’s successor will be Raymond Stem, the company’s current biz development and partnerships head.

These resignations have called Bartz’s tenure as CEO into question. She was brought in to bring stability to Yahoo after a failed takeover attempt by Microsoft.

Apart from striking a search technology deal with Microsoft, not much has changed in Yahoo.

With stalled innovation, ailing advertising growth and talent leaving, people are speculating that Bartz may be replaced by the time her 18-month contract runs out.