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Published on junio 12th, 2009 | by admin

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Financial Officer Is Hired by Yahoo

SUNNYVALE, Calif. (AP) — Yahoo has lured a chief financial officer away from the Altera Corporation to fill a crucial role in its new management team.

The company said Thursday that it had hired Tim Morse from Altera, a chip maker based in San Jose, Calif., not far from Yahoo’s base in Sunnyvale. Mr. Morse became Altera’s chief financial officer in 2007 after spending 15 years in various positions at General Electric.

The hiring of Mr. Morse ends Yahoo’s three-and-a-half-month search for a successor to its current chief financial officer, Blake Jorgensen, who announced his plans to leave a few weeks after the company hired Carol Bartz as its new chief executive.

Mr. Jorgensen, who will depart with a $1.8 million severance package, is set to become chief financial officer of the jeans maker Levi Strauss & Company on July 1.

Mr. Morse, 40, will start at Yahoo with a $500,000 salary, up from the $375,000 he was getting at Altera. Yahoo is also paying him a $500,000 signing bonus, 400,000 shares of stock options and 150,000 shares of restricted stock.

By THE ASSOCIATED PRESS

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Creador de #Squoosh, Visual-Agency , dedicada a acompañar a sus Clientes en distintos Proyectos Digitales , Consultor Internacional, Technical Evangelist Adobe Systems /. Consultor para Adobe , Macromedia y Apple . Premiado a nivel Nacional e Internacional. Premio al “Mejor Consultor de Latinoamerica” Adobe Systems . Mejor Speaker Argentino . 4to puesto en el Ranking Mundial al “Mejor Orador Hispano Parlante” . Mejor Consultor Senior de la Region. En La actualidad estoy muy Enfocado en Generar Canales de Contenidos Visuales y guianes para Grandes Empresas, Proveedores y Clientes Finales. Mail gabymenta@gmail.com



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