Yahoo CFO to Leave

blake_jorgensen_thumbThe executive shakeup at Yahoo continues. Blake Jorgensen, Yahoo’s chief financial officer, will leave the company, according to an SEC filing made this morning.  Yahoo said it has initiated a search for a new CFO and that Jorgensen will remain with the company through a transition period.

Update from Om: Yahoo CEO Carol Bartz talks about changes at Yahoo in a blog post, which apart from the colorful use of the phrase, Kick Ass, doesn’t really say anything. I don’t get this CEO urge to pretend blog. On Blake’s departure, I wonder if he was nudged out because of his comments at an investor conference about a possible deal with Microsoft.  UBS Research points out that:

…the decision reflects new CEO Carol Bartz’s desire to put her stamp on the senior leadership at YHOO and may also reflect her preference for a CFO with more of a financial management/technology background vs. Mr. Jorgensen’s Wall Street/Investment  Banking experience. At Autodesk, Ms. Bartz’s CFO, Alfred Castino, held a CPA, had a background as CFO of publicly-traded technology firms Virage and Peoplesoft, and had prior experience in the finance departments at Sun Microsystems and Hewlett-Packard.

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