Yahoo! CFO Jorgensen to quit

Written by Agencies | New York/New Delhi | Updated: Feb 28 2009, 00:18am hrs
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.