"Yahoo!'s CTO, Farzad Nazem, 45, has decided that it's time to take a breather and has announced his retirement. His last official day at Yahoo! will be June 8, 2007", according to the company press release.
"Zod agreed to remain on board to help see Yahoo! through some key milestones including the company and subsequent Technology Group re-design efforts as well as the critical launch of Panama. Zod has established an extremely strong and accomplished leadership team within the technology organization" the press release explained.
"Effective immediately, Jerry Yang has agreed to step in as the interim executive sponsor of the group and will work closely with David Filo and the technology leadership team to continue to drive the technology strategy forward. We will begin an immediate search for a new technology leader.
For additional information on Zod's retirement, please read his post on our corporate blog, Yodel anecdotal: http://yodel.yahoo.com/2007/05/30/eleven-years-12000-yahoos-and-one-great-ride/."