Another Google exec joins Yahoo
16 October 2012
Yahoo has appointed Google executive Henrique de Castro as its chief operating officer, the latest signing from its rival Google in recent months.
De Castro’s appointment comes amid a raft of senior appointments at Yahoo, since former Google exec Marissa Mayer joined the company as chief executive in July.
Taking up the new role in January 2013, de Castro will be responsible for strategic and operational management of Yahoo’s sales, operations, media and business development globally. He will report directly to Mayer.
According to Yahoo’s filing with the US Securities and Exchange Commission, de Astro will be paid an annual salary of $600,000 and will also be eligible for an annual bonus of up to 90% of that.
De Castro moves to the role from Google where he was vice-president of Google’s worldwide Partner Business Solutions group, responsible for advertising platforms and services. Before that, he led Google’s media, mobile and platforms organisations.
Prior to Google, de Castro held roles at Dell Corporation, McKinsey & Company, as well as senior positions held in private equity and advertising businesses.
“Henrique is an incredibly accomplished and rigorous business leader,” says Mayer. “His operational experience in internet advertising and his proven success in structuring and scaling global organisations make him the perfect fit for Yahoo as we propel the business to its next phase of growth.”
Other recent senior appointments at the company include Kathy Savitt as chief marketing officer and Michael Barrett as executive vice-president and chief revenue officer.
Just last week, it was revealed that Yahoo’s chief technology officer Ash Munshi had quietly left the company earlier this summer, leaving the role vacant.
Jenni Baker, London