Under fire from angry shareholders and rocked by a stream of high-profile executive departures, embattled Yahoo on Thursday announced another reorganization, its latest attempt to snap out of its years-long technology and financial funk.
Stressing its goals of being the "starting point" for most Web users and a "must buy" for most online advertisers, as well as the most attractive platform for developers, Yahoo will now centralize its product development operations.
It will also create a business region just for the U.S. and its end-users, advertisers and Web publishers. In addition, Yahoo will form what it calls an "insights strategy team" and enhance its technology infrastructure so that product designers and engineers will communicate and collaborate better.
"These moves accelerate the ability of our deep and talented team to build great products, grow our audiences and improve monetization globally," said Jerry Yang, Yahoo's CEO, in a statement.
Reorg Details
Reporting to President Sue Decker will be three new teams:
-- the Audience Products Division, which will oversee product strategy and product management and will be led by Ash Patel, former manager of Yahoo's Platforms & Infrastructure group;
-- the U.S. region, which will be led by Hilary Schneider, previously chief of the company's Global Partner Solutions group; and
-- Insights Strategy, which is in charge of centralizing and executing "a common strategy for the use of data and analysis across Yahoo," and the chief of which will be named later.
The new organizational structure will improve Yahoo's products and speed up decisions, the company said.
In technology and infrastructure, Chief Technology Officer Ari Balogh will be in charge of developing a "world class" cloud computing and storage infrastructure, unifying platforms and improving the communication between product developers and engineers.
As a result, Yahoo will create a Cloud Computing & Data Infrastructure Group, and move all the teams that work on end-user services and sites to the Audience Technology Group under the guidance of Venkat Panchapakesan.
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