Yahoo CEO, Carol Bartz, is expected to announce a major restructuring in the coming weeks
Yahoo’s new CEO, Carol Bartz, is ready to announce yet another shake up this week.
Here’s a summary of what the Wall Street Journal has learned so far:
- Yahoo CEO believes in a top-down management approach and is expected to streamline the company’s ranks of vice presidents and senior vice presidents. There are currently 8 exec vice presidents and tons of VPs under them;
- Despite massive layoffs, Yahoo initiated searches for a number of high-level executives, including for a chief marketing officer;
- Hilary Schneider will head Yahoo North America. She’s currently in charge of Yahoo’s advertising, publishing and audience groups in the U.S.
- One person will lead Yahoo’s international operations including Europe and Asia (I bet on Senior VP Marco Boerries);
- Yahoo’s chief technology officer (CTO), Aristotle Balogh, will also be in charge of product strategy and management;
- Bartz is coming in Europe next month!
