Bloomberg News

Yahoo Says Executive Vice President Rich Riley Will Depart

June 20, 2012

Yahoo! Inc. (YHOO:US), owner of the largest U.S. Web portal, said Rich Riley, executive vice president for the Americas, is leaving amid management turnover at the company.

Riley will stay for the next few months during a transition period, Dana Lengkeek, a Yahoo spokeswoman, said today in an e-mail. Riley, who joined the Sunnyvale, California-based company in 1999, formerly was senior vice president and managing director of Europe, the Middle East and Africa.

The departure comes five weeks after Scott Thompson stepped down as chief executive officer as a result of misstatements about his academic record. Ross Levinsohn stepped in as interim leader after Thompson’s exit, and earlier this week the company said Google Inc.’s Michael Barrett will join the company as chief revenue officer.

Riley had been promoted in April under Thompson’s leadership.

Yahoo rose less than 1 percent to $15.74 at the close in New York. The shares (YHOO:US) have declined 2.4 percent this year.

Riley’s departure was reported earlier today by the blog AllThingsD.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net.


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