Also as part of its overall effort to boost user engagement, Yahoo just last week named Raymie Stata as its new Chief Technology Officer, taking over from Farzad Nazem, who stepped down in April. Social Thrust
s CTO, Farzad Nazem, 45, has decided that it's time to take a breather and has announced his retirement. "Yahoo! His last official day at Yahoo! will be June 8, 2007", according to the company press release.
On the technology side, the search team will continue to report to CTO Farzad Nazem. With all the changes at Yahoo, it's surprising to note that there won't be too much changing on the search marketing side, at least not yet.
Qi Lu will report to Farzad Nazem, Yahoo's CTO. News.com reports that Yahoo has named Ash Patel as Yahoo's new chief product officer and Qi Lu as Yahoo's senior president of engineering for search and marketing.
CTO, Farzad Nazem sold off 1.8 million shares netting $63.8 million. Reuters reports, as does the Wall Street Journal (subscription required), that Yahoo executives have exercised almost $300 million in stock options in 2005.
