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

Newspaper ABCs: Digital figures for August 2014

Newspaper ABCs: Digital figures for August 2014

Mail Online continues to lead the websites for the UK's national newspapers, with more than 113 million unique browsers in August, the biggest risers year on year are sites for the Metro (175%) and the Mirror (99%).

Share
Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror has poached Piers North from Yahoo to take the new role of digital strategy director at the national and regional newspaper publisher.

Share
Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest Group has appointed Sue Frogley to the newly created role of global commercial director.

Share

Get news by email