updated 08:40 pm EDT, Fri May 18, 2012
Thompson-hired exec loses position, other shakeups
Yahoo's new boss, appointed just four days ago, is wasting no time in reorganization and shaking up the company. Interim CEO Ross Levinsohn is consolidating a consumer commerce division created by ex-CEO Scott Thompson. Instead of operating separately, the commerce group will be folded into the company's global media force.
Sam Shrauger, hired by Thompson, is leaving Yahoo as well. Shrauger left Paypal to oversee the consumer commerce division, and was partnered with Mollie Spilman, who had been previously been supervising Yahoo's marketing in North and South America. Today's moves place Spilman in Penny Baldwin's position as Yahoo's chief marketing officer. Baldwin had been selected by Thompson to handle the marketing division.
Thompson resigned his position after coming under fire for misleading information on his resume. Daniel Loeb, in an effort to replace four board members with personnel of his own choosing, discovered the erroneous information on Thompson's credentials and made it public. The information's accuracy was originally claimed to be an "inadvertent error," then blamed on a corporate headhunter, before finally being explained as being from a resume that he didn't provide to the company personally.
The shakeups come a month after Thompson created the consumer commerce division to help infuse Yahoo with cash. In the consolidation memo, Levinsohn also promised the company that he would be sharing more details about his vision for the company in less than a month.