P2P and web video sharing service Veoh has announced that former Yahoo executive Steve Mitgang has been hired as CEO.

Mitgang was formerly a Senior Vice President at Yahoo and led Project Panama, Yahoo’s next generation contextual advertising platform.

Veoh closed a $26 million funding round and launched distributed television platform Veoh TV in June. According to the LA Times, Veoh’s founding CEO Dmitry Shapiro has moved to the position of chief innovation officer.