The move follows the surprise resignation of the portal site supplier’s European head, Fabiola Arrendondo, in February, and last week’s decision by chief executive Timothy Koogle to step down as soon as the company finds a replacement.
Yahoo announced at the same time that its first quarter figures would fall significantly short of analysts’ estimates due to a weakening US economy and cutbacks in the amount customers were spending on marketing.
Singh joined Yahoo in 1995 as its 21st employee, and was in charge of overseeing advertising sales programmes, marketing initiatives, distribution and sales worldwide.
He had indicated his intention to step down from his day to day sales and marketing role three months ago, but at the time said that he would remain as a strategist. He will now leave the company altogether ‘to spend more time with his family and pursue personal interests’.
As vnunet.com went to press, Yahoo’s share price had fallen 0.625 to $16, a far cry from its 52-week high of $206.62.
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