Yahoo’s New President Oversees a Shake-Up
Susan L. Decker, Yahoo’s new president, is putting her stamp on the company in a reorganization of its management ranks that creates a new division responsible for generating the bulk of the company’s revenue.
As the company’s problems mounted, Yahoo shares lost nearly half their value, from a high of more than $43 in January 2006. On Wednesday, shares dipped below a 52-week low of $22.44 before recovering slightly to close at $22.55, up 3 cents.
The latest in a string of internal shake-ups will bring together Yahoo’s sales operations with the company’s publisher network, corporate partnerships and HotJobs to form a “global partner solutions” division. It will be led by Hilary Schneider, a fast-rising protégée of Ms. Decker.
Her latest promotion gives her many of the responsibilities that Ms. Decker, then the chief financial officer, assumed after the company’s reorganization in December. Ms. Decker became president when Terry S. Semel left the position in June. A Yahoo co-founder, Jerry Yang, took over for Mr. Semel as chief executive.
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