Yahoo Executive Calls It Quits

Share this content:
Struggling Web portal Yahoo Inc. said yesterday that its chief sales and marketing officer, Anil Singh, will leave the company in May.

Singh's departure creates an even larger void in the Web portal's slumping advertising business, and comes less than a week after Yahoo said chairman/CEO Tim Koogle would vacate the CEO post. Koogle said he would remain the company's chairman

Yahoo in recent weeks had said that Singh would leave his day-to-day role but said he would continue as a strategist. However, the company said yesterday that Singh would leave the company altogether to spend more time with his family.

In addition to Singh resignation, Yahoo lowered its revenue expectations to mirror the effects of the declining online ad market.

Yahoo said its first-quarter revenue would be $170 million to $180 million, with break-even earnings per share. The company previously said it expected first-quarter revenue of $220 million to $240 million, or 4 cents to 7 cents per share.

The company said a weakening economy and a tightening of its customers' marketing budgets hurt its revenue outlook.

Yahoo shares were down 4.67 percent Wednesday and closed at 15 5/16, near a 52-week low and way off the 52-week high of $206.62.

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above