• Reuters, Thursday, April 30, 2009 12:15 PM

David Rosenblatt, former CEO of DoubleClick, which Google bought for $3.1 billion two years ago, is leaving his post as president of Google's global display advertising business.

Rosenblatt is the third major executive to leave the search giant in the last two months, after Tim Armstrong, former head of Americas sales, left to become AOL CEO and Sukhinder Singh Cassidy, former president of Google's Asia Pacific and Latin America operations, left to join a venture capital firm.

RBC Capital Markets analyst Ross Sandler said the trio of Google sales execs "carried a significant amount of weight in the industry, especially with ad agencies." However, he didn't think the moves reflected badly on Google, necessarily. "I think these are pretty easily explainable cases of very wealthy individuals looking for new challenges," he said. In the case of DoubleClick, Sandler noted that the integration with Google was now completed.

Read the whole story at Reuters »