Decker Rearranges Chairs on Yangtanic
Looks like Yahoo really has become more nimble following the ouster of former CEO Terry Semel. The company appears to have completed its 100-day review in half that time. Not 50 days into CEO Jerry Yang’s top-to-bottom100-day review of the company, and Yahoo is shaking up its top management ranks. In a memo to employees yesterday afternoon, the struggling Internet giant sent its top sales executive packing and announced a new global sales organization.
Greg Coleman, executive vice president of global sales, will leave Yahoo in February. His responsibilities will be assumed by executive VP Hilary Schneider, who’s been tapped to lead the company’s new sales division, called Global Partner Solutions. “As many of you know, Greg Coleman has been actively engaged in leading the integration of Yahoo!’s search and display ad sales teams and communicating the benefits of our more integrated capabilities to our major clients, who have been very receptive to this holistic approach,” Yahoo President Sue Decker wrote in the memo. “This integration is now well underway, and his leadership and expertise have helped enormously to effect a smooth transition. He and I have discussed for some time the need to further integrate Yahoo!’s capabilities in order to better support the needs of our key customer groups.
“Therefore, with the decision to create this new Global Partner Solutions unit under Hilary’s leadership, we mutually agreed that Greg would leave Yahoo! to pursue other opportunities. We are fortunate that he will continue to assist us in this transition through February, closely advising the team. We deeply appreciate Greg’s contributions to Yahoo! over the past six and a half years, a period in which our advertising revenues have increased from $600 million a year to more than $6 billion, with substantial growth not only in the U.S. but in Europe, Asia and key emerging markets around the world. We wish him the best of luck in the years ahead.”
Which, as loosely translated by BoomTown’s Kara Swisher, means: “OK, we’re not going to smack you publicly like we did ex-ad sales exec Wenda Millard, even after she made us piles of ad money over the years, as you did, as long as you go quietly and don’t disparage us after you go.”