Yahoo’s CEO Marissa Mayer, who joined the company in July after more than a decade at Google, continues to staff out key positions as she builds her new senior management team. The latest hire is former Google colleague, Henrique de Castro, who will take the role of chief operating officer with responsibility for strategic and operational management of Yahoo’s sales, operations, media and business development worldwide.
Reuters notes that de Castro will be eligible for a $58 million total compensation package, based on an SEC filing by Yahoo. De Castro’s base salary is $600,000, along with an annual bonus of up to 90 percent of that amount. He also receives $36 million in restricted stock units and stock options as a one-time retention award.
At Google, de Castro was VP of its worldwide Partner Business Solutions group, responsible for advertising platforms and services for Mountain View’s publisher and commerce partners. Prior to that, he led Google’s media, mobile and platforms organization. He has also worked for Dell, where he managed sales and business development operations across Western Europe, and consulted for McKinsey & Company, where he advised numerous clients across many different industries. His career also includes senior positions in private equity and advertising businesses.
“Henrique is an incredibly accomplished and rigorous business leader, and I’m personally excited to have him join Yahoo’s strong leadership team,” said Mayer in a statement. “His 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.”
Commenting on his new role, de Castro added in a statement: ”The combination of Yahoo’s unique properties with high quality content, its renewed focus on outstanding user experience and its massive reach bring tremendous value to users, advertisers and partners. This is a pivotal point in Yahoo’s history, and I believe strongly in the opportunity ahead. I can’t wait to join Marissa and the team and get started.”
Yahoo said de Castro will join the company on or before January 22, 2013 — or as soon as he has satisfied his obligations to his current employer.
Early last month Mayer hired private equity exec Jacqueline Reses to lead hiring and HR for Yahoo, and back in August she appointed former Lockerz CEO and Amazon VP, Kathy Savitt, as Yahoo’s new chief marketing officer. Late last month Yahoo also named a new chief financial officer, Ken Goldman, who joined from Fortinet, a provider of threat management technologies.
Currently, Henrique serves as Chief Operating Officer of Yahoo! Inc. Additionally, he was elected to join the Board of Directors for Minneapolis-based retailer, Target Corp. on March 13, 2013. Henrique is a senior executive with 20+ years experience in leading companies such as Google, Dell and McKinsey, building, scaling and managing business globally. He is recognized by his knowledge of the Media, Internet, Telco/Tech, Retail, Consumer industries and has extensive experience as CEO/GM, CRO, Head of Strategy and Business Development,...
Marissa Mayer is CEO of Yahoo. Previously as a VP at Google, Marissa Mayer led the product management and engineering efforts of Google’s local, mobile, and contextual discovery products including Google Maps, Google Maps for Mobile, Local Search, Google Earth, Street View, Latitude and more. At 36 years old, she was also the youngest member of Google’s executive operating committee. During her 12 years at Google, Marissa led product management and design efforts for Google web search, images, news,...