SAN FRANCISCO -- A week after Yahoo! Inc. warned its first-quarter revenue and earnings will miss Wall Street forecasts, the company said its head of sales will leave in May, The Wall Street Journal reported.
Anil Singh, 42, chief sales and marketing officer and senior vice president of business operations, plans to retire from the company "to spend more time with his family and pursue personal interests," a Yahoo spokeswoman said.
The announcement comes soon after the company's first-ever earnings warning and the launch of a search for a new chief executive to succeed Tim Koogle, who will remain as chairman.
The Santa Clara, Calif., company acknowledged at that time that the economy and advertising market have deteriorated faster than it expected.
Yahoo (YHOO) has been looking for a senior executive to head up its sales effort for some time.
As recently as three months ago, Yahoo had said Mr. Singh was planning to relinquish some of his responsibilities to focus on more senior-level strategic operations and that he would continue to work full time in a to-be-determined capacity.
Mr. Singh, a company veteran, joined Yahoo as its 21st employee, the company said.
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