AllThingsD reports that top Yahoo advertisement executive Rich Riley will be departing the company after completing 14 years of service. This is a bit of surprise as it is although not clear that Riley is headed to a new job. The move comes only two days after Yahoo appointed Michael Barrett as Executive Vice President and Chief Revenue Officer.
Here is what Riley said in his good-bye note:
After almost 14 years as a Yahoo!, I have made the difficult decision that it is time for my next adventure. I will be around for a couple of months to ensure a smooth transition. Yahoo! has been far more than a job for me. From the first time I walked into the office in Santa Clara in 1998, I was absolutely taken by the magic of this company, its talent, and its enormous potential. Through the dotcom boom, bust and subsequent events, I have ridden the purple wave with pride and enjoyed almost every minute of it. I’ve laughed, cried and fought the good fight alongside some of the most talented people with whom I could ever hope to work. I remain eternally bullish on the prospects for our company and will be cheering you on as a shareholder and proud alum.