Yahoo Exodus: Three Top Execs to Leave

Hilary Schneider, Jimmy Pitaro, David Ko to exit; CEO Carol Bartz is “fired up”

Last Updated: September 30, 2010 @ 3:34 PM

There's an executive exodus going on at Yahoo, and it's got Carol Bartz "fired up."

Yahoo filed a note with the Securities & Exchange Commission on Thursday, confirming that Hilary Schneider, EVP of Yahoo Americas, will be leaving the company after a transition period.

The filing followed an internal memo, first posted on All Things D, in which Bartz, Yahoo's chief executive, confirmed Schneider's departure, along with those of mobile SVP David Ko and media VP Jimmy Pitaro — who TheWrap reported on Wednesday was eyeing the portal's exit.

"I’m sure you’ve seen the rumors about Hilary Schneider, David Ko, and Jimmy Pitaro leaving,” Bartz wrote in the memo, “Yes, they’re leaving, but each for different reasons that suit their life.”

Yahoo said it expects to hire a replacement for Schneider by the end of the year, and that she will stay on during the transition.

 

Here’s Bartz’s memo in full:

Yahoos,

Carol from the foxhole here. No, actually I’m in Atlanta to give a speech later tonight, and doing some client meetings.

But I’m sure you’ve seen the rumors about Hilary Schneider, David Ko, and Jimmy Pitaro leaving. Yes, they’re leaving, but each for different reasons that suit their life — and Hilary will send a separate note to her team with more about the Americas org. later today.

After nearly four years with Yahoo!, Hilary has decided to move on to the next phase in her career. Hilary has played a major role at Yahoo! in driving our strategies for content, online advertising and more. I want to thank her for her contributions over the years, and wish her the best as she moves on.

We expect to announce the new head of the Americas region before the end of the year. There is a lot of interest in joining our team for such a key position and, in the meantime, Hilary will stay on to help with the transition.

Now, you all know we’ve been intensely focused on improving our operations and top line growth. And we’ve seen good progress. But there’s a lot more to do, and as we transition to a new leader for the Americas we’re taking this opportunity to double down on these efforts. Hilary’s successor will clearly be maniacally focused on growing our top line in the region.

So everyone stay calm — we have a good plan in place. In fact, I’m more fired up than ever and can roll with the punches. Yahoo! is a great place.

Carol

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