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Savitt, who founded the photo-sharing site in 2009, is Marissa Mayer's most senior hire since taking over as CEO at Yahoo last month.
Former investment, real estate exec will head up Yahoo's People and Development unit, which handles human resources and talent acquisition across the globe.
Kleiner Perkins' powerful partner John Doerr issues a statement that refutes the claims in a junior partner's suit and defends his firm's commitment to diversity.
Bing Gordon, who is in charge of Kleiner Perkins' new social-media investments fund, tells CNET where he sees new opportunities when it sometimes seems like Facebook's already won.