Yahoo! steals another Google executive
De Castro will report directly to chief executive Marissa Mayer, who came from Google in July to help turn around the struggling Internet company.
"Henrique is an incredibly accomplished and rigorous business leader, and I'm personally excited to have him join Yahoo!'s strong leadership team," said Mayer.
"His operational experience in Internet advertising and his proven success in structuring and scaling global organisations makes him the perfect fit for Yahoo! as we take the business to its next phase of growth."
Mayer tweeted that Monday's announcement came on her "first full day back in the office" following two weeks of maternity leave.
De Castro said in a statement that Yahoo! has the potential to use its "outstanding user experience and its massive reach to bring tremendous value to users, advertisers and partners."
"This is a pivotal point in Yahoo!'s history, and I believe strongly in the opportunities ahead," he said. "I can't wait to join Marissa and the team and get started."
De Castro was vice president of Google's worldwide Partner Business Solutions group, where he was responsible for advertising platforms and services for Google's publisher and commerce partners.
Prior to that, he led Google's media, mobile and platforms organisation.
He has also worked at Dell and the consulting firm McKinsey.
De Castro will join the company by January 22, "or as soon as he has satisfied his obligations to his current employer," Yahoo! said.
According to a regulatory filing, de Castro will receive an annual base salary of $600,000 and a one-time retention equity award. Some $18m will be in the form of restricted stock units and another $18m in performance-based stock options. He will get a $1m bonus for leaving Google.
Yahoo! has been trying to reinvent itself since withering in Google's shadow.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
3 reasons why internal communications have never been more important 8 Oct 2024 Microsoft unveils Copilot+ PCs, sends Qualcomm stock through the roof 20 May 2024 McKinsey restructures, 3% of workforce to go 15 Apr 2024 Unanimous ruling favours Big Tech in DRC child labour cobalt claim 6 Mar 2024 Brand building for the future with Invibes’ in-feed advertising 19 Feb 2024 Advancing Africa acceleration 25 May 2023
