Henrique de castro yahoo

De Castro is leaving Yahoo, with millions of dollars in severance and other compensation, effective Thursday, the company said in a regulatory filing. He came under pressure last year as a string of mobile content-focused acquisitions, led by the Tumblr deal, failed to revive Yahoo's ad revenue growth.

Henrique de castro yahoo: Henrique De Castro is

That happened in the midst of a booming online ad market, led by rivals such as Google, Facebook and Twitter. A former Google ad executive, he joined Mayer, also an ex-Googler, in October and received a lucrative pay package for making the jump. He will receive severance and other payments and equity awards that were given to him when he joined, Yahoo said in its regulatory filing on Wednesday.

In the event de Castro was terminated, all the equity would immediately vest, according to the original employment agreement. The fact that Yahoo's Mayer is willing to take such a hit suggests that the advertising side of the company's business needs a lot of attention. Despite all Mayer's investments, in , Yahoo lost its spot as the No. Yahoo's share of U.

Facebook's share grew to 7. Google, de Castro's old employer, remains the dominant player, with a Yahoo COO de Castro leaves with millions.