Kathy Savitt, the head of Yahoo's media department, announced that she would be leaving the company along with several other top-level executives that have departed the company to pursue other opportunities.
Yahoo’s media department is about to experience a major tectonic shift in leadership. According to a report from ReCode, sources indicate that the department’s top manager, Kathy Savitt, is about to leave the company.
Savitt was also the CMO of Yahoo, and will be moving on to join STX Entertainment to run the movie, TV, and digital content studio. She will be in charge of the company’s digital operations.
The move mirrors a greater shift within Yahoo leadership. Scott Burke, the SVP of advertising and data platforms, departed in August after a large portion of his portfolio was given to other executives. Dawn Airey, the head of Europe and other international departments for Yahoo, left due to “an exasperating lack of progress” in the company’s turnaround.
Sources indicate that the relationship between Savitt and CEO Marissa Mayer has grown strained in recent times, raising concern for the company’s long-term outlook.
There have been a number of other internal changes to the company, including layoffs and reorganizations of key departments in the media unit. Yahoo has been attempting to frame itself as a content destination, hiring on contributors such as Kati Couric and David Pogue to fill out its online magazines.
Yahoo still needs to bump up its advertising department if it wants to progress and attract top-level talent. As other tech companies begin to scoop up the high-performing leaders at Yahoo, the company will have an increasingly difficult time retaining talent and meeting its goals.