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Yahoo (NSDQ: YHOO) is finally confirming the departure of a trio of top executives, including Americas head Hilary Schneider. In a just-filed statement with the SEC, Yahoo says Schneider will “be leaving after a transition period.” And, in a statement provided to us, the company says it expects to appoint Schneider’s successor by year-end.
Yahoo is also confirming that SVP of audience, mobile and local David Ko and Yahoo Media Head Jimmy Pitaro are both also leaving. The company isn’t saying why, but Yahoo CEO Carol Bartz says in a memo sent to staff (via AllThingsD’s Kara Swisher) that all three are leaving for “different reasons that suit their life.”
Bartz acknowledges that while the company has seen “good progress” in improving its operations and top line growth, “there’s a lot more work to do, and as we transition to a new leader for the Americas we’re taking this opportunity to double down on these efforts.” The memo’s conclusion: “So everyone stay calm