Yahoo Global Sales Chief to Walk Platinum Plank

31 August 2007

SUNNYVALE, California: In a bid to help Yahoo "better serve our customers, accelerate the speed of making fast, smart decisions, and create cleaner lines of accountability across key leaders," another senior sales executive is to walk the platinum plank.

The latest candidate settling-in for a "mutually agreed" six-month stint in the departure lounge is global sales evp Gregory Coleman, due to leave the company in February. He is to be succeeded by Yahoo evp Hilary Schneider (pictured).

The announcement, delivered Wednesday by Yahoo president Susan Decker, appears to create an uneasy vacuum in which Coleman serves out his days in the shadow of his successor, while she drums her heels awaiting his departure.

It's a situation few believe will persist until February.

Schneider, seen by insiders as Decker's protégé, was recruited last September to run Yahoo's shopping, travel, autos, real estate and employment sites. Before which she led the digital divisions of two newspaper chains, Knight Ridder and Times Mirror.

Coleman is the second senior executive to quit under Decker's helm. He was preceded by chief sales officer, Wenda Harris Millard, who left in June for a senior role at Martha Stewart Living Omnimedia.

Data sourced from Wall Street Journal Online. additional content by WARC staff