The head of sales and marketing at Yahoo! is stepping down, the latest high-level departure from the Internet company.
Anil Singh, Yahoo!’s chief sales and marketing officer and senior vice president of business operations, has said he would retire in May to spend more time with his family and “pursue personal interests’.’
His departure comes as Yahoo! is seeing turnover in several top divisions and struggling to turn a profit this year. The company is looking for a new chief executive to replace Tim Koogle, and in recent weeks the heads of Yahoo!’s Asian and European operations have resigned.
“Anil has been a strong contributor to our success,” said Jeff Mallett, Yahoo! president. “Under his leadership, the company built a top sales organization from the ground up and pioneered the concept of online advertising when it was still a new idea for marketers.”
Yahoo!’s 21st employee, Singh, 42, joined the company in 1995 as its first sales executive, was promoted to senior vice president of sales and later became chief sales and marketing officer, overseeing advertising sales and programs, corporate marketing, promotions, direct marketing, distribution and sales operations for Yahoo! worldwide.
He is credited with developing Yahoo!’s Fusion Marketing initiative, helping the company build its large customer base and forging creative and groundbreaking industry alliances.
Yahoo! offers a network of services to more than 185 million individuals each month worldwide. It has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, California, USA.