Feeds

Yahoo! chief operating officer de Castro exits web biz after just one year

Departure revealed in homework fed to US watchdog

Internet Security Threat Report 2014

Yahoo!'s chief operating officer Henrique de Castro will leave the web biz today – having only arrived from Google about a year ago.

The company gave no reason for the move when it revealed, in paperwork submitted yesterday to US financial watchdog the Securities and Exchange Commission, that de Castro will depart before the week is out.

"Henrique de Castro ... will be leaving the company effective January 16, 2014," Yahoo! said in its SEC filing.

"Mr de Castro will receive the severance benefits provided for in his Employment Offer Letter, dated October 15, 2012, Severance Agreement, dated February 28, 2013, and equity award agreements."

The company has yet to name a replacement or announce a contingency plan in the wake of his departure.

Hired during an executive-level refresh by Yahoo! CEO Marissa Mayer, de Castro was pried away from Google in 2012.

At the time of his appointment, de Castro was described by Mayer as "an incredibly accomplished and rigorous business leader," and "the perfect fit" to help turn around Yahoo!'s fortunes. Yet, amid the flurry of activity at tech's mega-trade show CES 2014 this month, it was alleged there was tension between Mayer and de Castro.

Mayer, in a keynote speech at the glitzy event in Las Vegas, announced a revamp of Yahoo!'s advertising wing, and the unveiling of an automated news-crunching mobile app based on recently acquired Summly.

Further information on de Castro's departure and Yahoo!'s plans for hiring a new chief operating office could be revealed on 28 January when the company is set to announce its quarterly earnings. ®

Remote control for virtualized desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.