Yahoo's Chief Operating Officer Dan Rosensweig is leaving Yahoo as part of a major reorganization, the company announced late on Tuesday. Rosensweig has decided to leave at the end of March.
Llyod Braun, head of Yahoo's media group, will also depart the company after just more than two years in the post, a Yahoo spokeswoman confirmed. She did not specify when Braun will leave, however.
The company also is looking for a new chief financial officer. Current CFO Sue Decker will continue to serve in that role in the interim and thereafter will head up the reorganized advertising group.
Yahoo, which has suffered this year from search market share losses, the delay of its new ad platform and a drop in third-quarter profits, says it is realigning its business groups under three operating units: Audience Group overseeing search, media, communities and communications; Advertiser & Publisher Group; and Technology Group.