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Yahoo All But Loses CTO

Yahoo late Monday confirmed the transitioning of Raymie Stata from CTO to the newly created role of Entrepreneur in Residence (EIR). The change will allow Stata “to return to his entrepreneurial roots,” Yahoo said in a statement. Meanwhile, sources tell AllThingsD that Stata had simply planned to leave Yahoo, and that his new role is “an unusual arrangement for a big company,” adding: “Typically, departing execs become EIRs at venture firms.”

In his place, Yahoo has appoint Ash Munshi to the role of CTO. “Ash has a well-established career managing successful global technology organizations at the most senior levels with a laser focus on meeting and exceeding customer needs,” Yahoo said.

“The latest talent shift at Yahoo is part of a broader attrition problem at the company, which has been persistent for years and has worsened in the wake of the firing of CEO Carol Bartz and a massive strategic review of its options,” AllThingsD notes. “Employees at the company have become troubled by the turmoil and are worried about what a possible change of control will bring for Yahoo.”

Read the whole story at All Things Digital »

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