Yahoo CFO to Depart as Part of Organizational Shake-Up

Authored by Mark Hefflinger on February 26, 2009 - 11:20am.

Sunnyvale, Calif. - Yahoo (NASD: YHOO) said on Thursday that CFO Blake Jorgensen will be leaving the company, part of an organizational shakeup spearheaded by newly installed CEO Carol Bartz. Jorgensen, who has been with the company since mid-2007, will continue in his role until a replacement is found. He was a close ally of former president Susan Decker, who left the company earlier this year after getting passed over for the CEO job.

Though Bartz didn't specifically mention the move in a posting on Yahoo's blog, she said that part of her turnaround plan will be to remove obstacles that have "bogged this company down."

"Today I'm rolling out a new management structure that I believe will make Yahoo a lot faster on its feet," Bartz wrote.

"For us working at Yahoo, it means everything gets simpler. We'll be able to make speedier decisions, the notorious silos are gone, and we have a renewed focus on the customer."

Part of her plan will be the creation of a new Customer Advocacy group, as well as a bigger focus on branding.

Related Links:
http://biz.yahoo.com/e/090226/yhoo8-k.html

http://ycorpblog.com