Yahoo fires another key exec

Will Yahoo's agony never end? This week, Terry Semel, the 64-year-old chief exec, had to brave a meeting of the troubled internet portal's sullen shareholders. The head of Yahoo Finance, one of the sites that was holding off its Google challenger, was fired. And now, in a classic sign of a demoralized company, the memo on her departure has been promptly leaked, on Portfolio magazine's comment board. Yahoo has lost, or dismissed, about a third of its top execs in the last year. The internal email, from Yahoo's media boss, after the jump. (By the way, anyone know the backstory behind Peggy White's sudden departure?)

From: Scott Moore
Sent: Wednesday, June 13, 2007 6:56 PM
To: finance-peggy@yahoo-inc.com
Subject: Finance organization announcement

Team, I am writing to update you on some changes in the leadership of Finance. Peggy White will be leaving Yahoo. I want to thank Peggy for her time and contributions here.

I have asked Mark Interrante to step in as acting GM of the Finance team. Mark has done a terrific job leading the engineering team over the past two years. As you know, we've shipped several notable releases including Dynamic Charts, Streaming Quotes, Badges and Personal Finance. Over that time Mark has proven himself a solid senior leader and manager. He has also made a number of strong hires both at the individual contributor and managerial levels and expanded the capabilities of the Finance engineering team. Prior to joining Yahoo Mark had a range of experience including managing large teams and driving product innovation at Spoke Software and HP among others.

I've decided to make Mark the acting GM as a temporary step so that he has a chance to come up to speed on ad sales, business development and editorial. Mark has my full support and I expect he'll do an exceptional job leading the team.

Additionally, Judy Hsieh has accepted a new job in Vince's team. I'll let her tell you about it, but it's a plum assignment. We've hired Shravan Goli to take Judy's role leading the Product Management team of Finance. Shravan is a seasoned product manager who has worked on video and brand universe since coming to Yahoo after 11 years at Microsoft where he led product strategy, product management and planning for MSN.com client, MSN Money (for community features), MSN Mail, MSN Groups, Passport, and MSN IM. I'm excited to have Shravan's talent, expertise and experience stepping into this critical leadership role. Please join me in congratulating Mark and Shravan on their new roles and in welcoming Shravan to Finance!

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