Yahoo! nabs Google executive as its COO

16 Oct 2012

Internet giant Yahoo! has hired vice-president of Google’s worldwide Partner Business Solutions group Henrique de Castro as its chief operating officer.

De Castro will join Yahoo! on or before 22 January 2013, or as soon as he wraps up his obligations to Google. In his new role, he will report to Yahoo! CEO Marissa Mayer and will be responsible for strategic and operational management of Yahoo!’s sales, operations, media and business development worldwide.

Compensation package

  • Henrique de Castro will be eligible for a US$58m total compensation package as COO of Yahoo!, according to an SEC filing by the company yesterday.

“Henrique is an incredibly accomplished and rigorous business leader, and I’m personally excited to have him join Yahoo!’s strong leadership team,” said Mayer.

“His operational experience in internet advertising and his proven success in structuring and scaling global organisations make him the perfect fit for Yahoo! as we propel the business to its next phase of growth.”

De Castro has more than 20 years of experience in leading operations, strategy, partner management and revenue generation. At Google, he is responsible for advertising platforms and services for Google’s publisher and commerce partners.

Prior to that, he led Google’s media, mobile and platforms organisation, where he helped to grow the business.

Before joining Google, de Castro worked at Dell Corporation for two years, where he managed sales and business development operations across Western Europe.

Tina Costanza was a journalist and sub-editor at Silicon Republic