Yahoo COO de Castro departs; no reason given

SAN FRANCISCO Wed Jan 15, 2014 6:52pm EST

Henrique De Castro, then Vice President Global Media and Platforms of Google, delivers a speech during the Cannes Lions 2010 International Advertising Festival in Cannes in this file photo taken June 23, 2010. REUTERS/Sebastien Nogier/Files

Henrique De Castro, then Vice President Global Media and Platforms of Google, delivers a speech during the Cannes Lions 2010 International Advertising Festival in Cannes in this file photo taken June 23, 2010.

Credit: Reuters/Sebastien Nogier/Files

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SAN FRANCISCO (Reuters) - Yahoo Inc chief operating officer Henrique de Castro, the high-profile executive Chief Executive Officer Marissa Mayer poached from Google Inc shortly after she took the helm, will be leaving on Thursday after about a year on the job.

Yahoo did not give a reason for his abrupt departure in a Wednesday filing. At the time of his hiring, Mayer was building a management team to try and revive flagging sales and traffic, and cited de Castro's Internet advertising expertise as a key asset.

De Castro will get severance benefits as laid out in his October 15, 2012 employment letter, including equity awards, according to the filing.

Representatives for Yahoo did not respond to requests for additional comment.

Yahoo is one of the world's most-visited online properties, but revenue has declined in recent years amid competition from Google and Facebook Inc. Mayer has built a senior leadership team and is now in the midst of engineering a turnaround at the once dominant Web icon.

(Editing by Andre Grenon, Bernard Orr)

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