Feeds

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

Departure revealed in homework fed to US watchdog

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.