Yahoo CEO Carol Bartz just sent a memo to employees confirming that EVP of Americas Hilary Schneider and media boss Jimmy Pitaro are quitting the company.A source tells us it would be “disingenuous” to suggest that Schneider and Pitaro left Yahoo on anything but their own volition. In the memo, Bartz carefully doesn’t make that mistake.
Here it is, via Kara Swisher:
Carol from the foxhole here. No, actually I’m in Atlanta to give a speech later tonight, and doing some client meetings.
But I’m sure you’ve seen the rumours about Hilary Schneider, David Ko, and Jimmy Pitaro leaving. Yes, they’re leaving, but each for different reasons that suit their life – and Hilary will send a separate note to her team with more about the Americas org. later today.
After nearly four years with Yahoo!, Hilary has decided to move on to the next phase in her career. Hilary has played a major role at Yahoo! in driving our strategies for content, online advertising and more. I want to thank her for her contributions over the years, and wish her the best as she moves on.
We expect to announce the new head of the Americas region before the end of the year. There is a lot of interest in joining our team for such a key position and, in the meantime, Hilary will stay on to help with the transition.
Now, you all know we’ve been intensely focused on improving our operations and top line growth. And we’ve seen good progress. But there’s a lot more to do, and as we transition to a new leader for the Americas we’re taking this opportunity to double down on these efforts. Hilary’s successor will clearly be maniacally focused on growing our top line in the region.
So everyone stay calm – we have a good plan in place. In fact, I’m more fired up than ever and can roll with the punches. Yahoo! is a great place.