Welcome to Littlefish IT Support

My name is James. How can I help you today?

Yahoo CFO Steps Down

Littlefish News

Yahoo CFO Blake Jorgensen has decided to leave the company following a comment he made at a Goldman Sachs technology conference. Jorgensen told delegates that Yahoo is open to the idea of selling parts of its business. The move might be influenced by Jorgensen's unsolicited statements; however, Yahoo would not confirm if it had asked the its chief financial officer to step down. SEC stated in a limited  filing today, "Yahoo announced that Blake Jorgensen, chief financial officer of the company, will be leaving the company. The company has initiated a search for a new chief financial officer. Mr Jorgensen will remain with the company as its chief financial officer through a transition period." Last week, Yahoo's CEO Carol Barthz announced  a major reorganization in an effort to turn its plummeting business around.  Bartz expressed in a blog, "For us working at Yahoo, it means everything gets simpler. We'll be able to make speedier decisions, the notorious silos are gone, and we have a renewed focus on the customer."

Bookmark and Share

Comment on this story