Exclusive: Yahoo CTO Out, But Stays EIR at Company
Yahoo CTO Raymie Stata is stepping down as CTO of the Silicon Valley Internet giant, the company confirmed this afternoon, after I made a query about the change.
He will be replaced by Ash Munshi, Yahoo said.
In a statement, the company said:
“Raymie Stata, CTO, has taken on a newly created role of EIR at Yahoo! to allow him to return to his entrepreneurial roots. Yahoo! is excited to appoint Ash Munshi to the role of CTO. Ash has a well-established career managing successful global technology organizations at the most senior levels with a laser focus on meeting and exceeding customer needs.”
While sources said Stata had planned to leave Yahoo, he will remain an Entrepreneur in Residence there, an unusual arrangement for a big company. Typically, departing execs become EIRs at venture firms.
The latest talent shift at Yahoo is part of a broader attrition problem at the company, which has been persistent for years and has worsened in the wake of the firing of CEO Carol Bartz and a massive strategic review of its options.
Employees at the company have become troubled by the turmoil and are worried about what a possible change of control will bring for Yahoo.
Stata was appointed CTO last June, after having been its Chief Architect. He has reported to Chief Product Officer Blake Irving.