Tumblr Ad Executive Stepping Down as Yahoo Combines Teams
Chief executive officer of Yahoo! Inc., Marissa Mayer has come under growing pressure from some investors, including Starboard Value LP, to show better results from her investments, including Tumblr, her largest.
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Lee Brown, global head of brand partnerships at Yahoo! Inc.’s Tumblr, is stepping down amid a move to fold the blogging service’s advertising team into the parent’s.
The company confirmed the move in an e-mailed statement without elaborating. Yahoo acquired Tumblr for about $1 billion in 2013.