Marissa Mayer has hired a new CMO and CFO at Yahoo and now she has a new chief operating officer: Henrique de Castro, who is leaving the post of president of partner business at Google.
In this role, Mr. de Castro most recently ran publisher sales for Google, where he has worked for more than six years.
AllThingsD reported earlier today that Yahoo was close to landing Mr. de Castro. When rumors of Yahoo's interest in Mr. de Castro broke this summer, Mr. de Castro told his staff that he would not be leaving, according to a person familiar with the situation. But he's apparently had a change of heart.
"We're grateful to Henrique for all of his contributions at Google and wish him all the best in his new role at Yahoo," a Google spokesperson said in a statement.
"Henrique is an incredibly accomplished and rigorous business leader, and I'm personally excited to have him join Yahoo's strong leadership team," Ms. Mayer said in a statement. "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."
He'll be paid $600,000 a year and will also receive a $1 million one-time bonus within seven days of the start of his employment. His compensation package also includes $36 million in a combination of stock options and restricted stock.
It'll be interesting to see how the hiring of Mr. de Castro affects the employment of Michael Barrett, Yahoo's chief revenue officer. Although the two hold different titles, they both are, in essence, ad-sales executives. Mr. Barrett has previously confirmed to Ad Age that he would be staying at the company despite the fact that the CEO who hired him, Ross Levinsohn, is no longer at Yahoo.
Neither Mr. Barrett nor Mr. de Castro immediately responded to requests for comment.