Yahoo! CFO Jorgensen to quit

Written by Agencies | New York/New Delhi | Updated: Feb 28 2009, 00:18am hrs
Yahoo
Yahoo! has said its Chief Financial Officer Blake Jorgensen will be quitting the company, amid reports that the internet major will soon be revamping its corporate structure.

In a regulatory filing with the US Securities and Exchange Commission on Thursday, Yahoo! said Jorgensen would be leaving the firm and added that the search has started for a new CFO.

Jorgensen would remain with the company as the CFO through a transition period, the filing added.

The development comes amid reports suggesting that the newly appointed Yahoo! chief Carol Bartz would soon be announcing a corporate reorganisation of the company.

Bartz took over the reins of the internet major in January.

On the other hand, Yahoo! India's CEO for Research & Development (R&D) Sharad Sharma has decided to quit the company.

Sharma would be replaced by Shoubick Mukherjee as the new R&D head.

Shares of Yahoo! closed at 12.98 dollars on the Nasdaq on Thursday.