
Yahoo Logo - H 2011
- Share this article on Facebook
- Share this article on Twitter
- Share this article on Email
- Show additional share options
- Share this article on Print
- Share this article on Comment
- Share this article on Whatsapp
- Share this article on Linkedin
- Share this article on Reddit
- Share this article on Pinit
- Share this article on Tumblr
Yahoo said Monday it has hired Henrique de Castro away from Google, where he was vp worldwide Partner Business Solutions group, as its new COO, reporting to CEO Marissa Mayer, also a Google alumna.
According to a regulatory filing, de Castro could make nearly $60 million by jumping to Yahoo from Google, where he earned his reputation as a top sales executive over the six years he was employed there.
STORY: Yahoo CEO Marissa Mayer Welcomes Baby Boy
His new compensation package includes a $600,000 base annual salary and the opportunity to double that with bonuses, plus $1 million cash for leaving money behind at Google and another $20 million in Yahoo stock to replace Google shares he’ll not get, plus a possible $36 million in stock grants.
“De Castro will join the company on or before Jan. 22, 2013, or as soon as he has satisfied his obligations to his current employer,” Yahoo said.
Prior to Google, de Castro spent two years at Dell, and he was a consultant for McKinsey & Co.
STORY: Yahoo Replaces CFO as New CEO Marissa Mayer Delivers Pep Talk
“Henrique is an incredibly accomplished and rigorous business leader, and I’m personally excited to have him join Yahoo’s strong leadership team,” Mayer said. “His operational experience in Internet advertising and his proven success in structuring and scaling global organizations make him the perfect fit for Yahoo as we propel the business to its next phase of growth.”
Related Stories
THR Newsletters
Sign up for THR news straight to your inbox every day