Yahoo SVP Fuloria Leaving Company as Talent Drain Continuesby
Departure adds to loss of Jacqueline Reses, Kathy Savitt
Enrique Munoz Torres will oversee all ad-facing products
Yahoo! Inc. Senior Vice President Prashant Fuloria is leaving the company, another exit from the struggling Web company that’s lost top talent this year.
Fuloria, whose duties included product and engineering for advertising products, is moving on to work with entrepreneurs and early-stage companies, Yahoo said in an e-mailed statement. Fuloria joined the company as part of the acquisition of Flurry, a mobile startup, last year. Enrique Munoz Torres will now oversee all ad-facing products after leading search products.
The news comes after Chief Executive Officer Marissa Mayer scrapped long-held plans to spin off its valuable stake in Chinese e-commerce provider Alibaba Group Holding Ltd. The company is now considering bundling the rest of its assets -- including its Web business and stake in Yahoo Japan Corp. -- into a standalone company. The move came after investor concerns about how to handle tax issues related to the Alibaba investment.
Mayer is grappling with departures even as she struggles to turn around a company hampered by sliding sales and shrinking market share. Other exits include Jacqueline Reses, Yahoo’s chief development officer, and Kathy Savitt, who had been chief marketing officer.
“Prashant has made a major positive impact here at Yahoo since joining the company,” it said. “We thank him for his dedication to integrating Flurry and strengthening our advertising products and business.”