Marissa Mayer poaches top Google exec for Yahoo COO role

Marissa Mayer, Yahoo's new chief executive, has lured Henrique de Castro away from Google, her former employer, to be chief operating officer.

Marissa Mayer: Yahoo chief executive hires former colleague Henrique de Castro from Google
Marissa Mayer: Yahoo chief executive hires former colleague Henrique de Castro from Google

De Castro will join Yahoo in January. He will oversee global sales, operations, media and business development.

According to a filing, De Castro will be paid $600,000 (£372,600) a year and will receive a $1m one-time bonus within seven days of the start of his employment. His compensation package includes $36m in a combination of stock options and restricted stock.

Since March, he has been working vice president of Google’s partner business solutions worldwide, where he was responsible for advertising platforms and services for Google’s publisher and commerce partners. The filing did not confirm whether De Castro would be replacing anyone in his new role.

Prior to joining Google, de Castro worked at Dell and McKinsey. His is the second significant appointment that Yahoo has made from its rival Google, after former Google executive Mayer was appointed as chief executive earlier this year.

Mayer said in a statement: "[De Castro's] operational experience in internet advertising and his proven success in structuring and scaling global organizations make him the perfect fit for Yahoo! as we propel the business to its next phase of growth."

She also announced the hiring of De Castro on Twitter, adding it was her first full day back in the office after giving birth to her son last month.

The news comes following a string of high-profile appointments made by Mayer, who joined the business herself in July, including the hire of Kathy Savitt, the former Amazon vice president, as global chief marketing officer.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

BT Sport continues to invest in football line-up

BT Sport continues to invest in football line-up

BT Sport continues to invest in its football coverage ahead of the new Premier League season starting next month.

Share
Ex-Topshop CMO and Tunepics founder Justin Cooke on 'insanity' and Einstein

Ex-Topshop CMO and Tunepics founder Justin Cooke on 'insanity' and Einstein

"There's magic in insanity," claims Tunepics founder and former Topshop CMO Justin Cooke, in a video for Virgin Atlantic in which he also discusses the challenges of running a business.

Share
Clarification: Omnicom not late to the government review

Clarification: Omnicom not late to the government review

Campaign is pleased to clarify that Omnicom Media Group is on the government media buying shortlist and did not apply late to any part of the pitch process, handled by the Crown Commercial Service.

Share

Get news by email