CEO

Summary Box: Yahoo CEO outlines new structure

AP News
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Posted: Apr 10, 2012 6:08 PM
Summary Box: Yahoo CEO outlines new structure

THREE'S COMPANY: Yahoo CEO Scott Thompson unveiled a new corporate structure that divides the company into three groups focusing on users, advertisers and technology Tuesday.

ANALYST TAKE: The revamp makes each group more distinct and resolves a messy reporting structure, according to analyst Sameet Sinha with B. Riley & Co.

REACTION MUTED: The revamp comes a week after Thompson announced 2,000 layoffs. Reaction on the stock market was muted with shares closing down 11 cents at $14.99.