Yahoo loses Europe chief
Published: 28 Nov 2008 09:31 GMT
Another high-level Yahoo executive is leaving the troubled search company.
Toby Coppel announced on Thursday that he is stepping down from his position as executive vice president and managing director of Europe and Canada. The departure has reportedly been in the works for months and is unrelated to the recently announced resignation of Yahoo chief executive Jerry Yang.
Coppel told AllThingsD's Kara Swisher that he has no firm plans for the future.
"I have been transitioning our European business, restructuring it and making it stronger, as Yahoo is moving to product development on a global platform," Coppel told Swisher.
Coppel joined Yahoo in 2001 and has been running its European operations for the past 18 months.
The departure is the latest in a months-long exodus of executives from the troubled search company after its rejection of Microsoft's unfriendly acquisition attempt. Last week, Microsoft announced that it had hired Yahoo search executive Sean Suchter to be general manager of its Silicon Valley Search Technology Center.
After reporting a 64 percent drop in net income and warning that the advertising market is softening, Yahoo announced in October layoffs of at least 1,430 employees by the end of 2008. The cut follows another in which about 1,000 Yahoo employees lost their jobs in February.
Credit: Europe Yahoo chief joins exodus from CNET News.com
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