Home / Business / Markets / There will be an exec trifle when the Yahoo-Verizon understanding closes — here are the sum (YHOO, VZ)

There will be an exec trifle when the Yahoo-Verizon understanding closes — here are the sum (YHOO, VZ)

marissa mayerChip Somodevilla/Getty Images

When Verizon merges Yahoo with AOL under the new Oath brand after its merger of Yahoo closes, there will be a big exec shuffle.

Many of Yahoo’s top brass, including CEO Marissa Mayer, are approaching to leave. But a few stream Yahoo execs have already been tapped to take on big roles at the new company.

And Yahoo is approaching to announce some of the changes internally as shortly as next week, a source informed with the matter told Business Insider.

Among the major care changes designed for the new Oath entity that Business Insider is conference about:

  • Jeff Bonforte, the SVP of communications products, will be the new conduct of hunt for the total entity once the understanding closes.
  • SVP Simon Khalaf, who assimilated Yahoo when his ad tech startup, Flurry, was acquired in 2014, will conduct up media.
  • Ian Weingarten, the SVP of corporate growth and partnerships — and a Mayer favorite — is leaving once the understanding closes.
  • Enrique Munoz Torres, the SVP of promotion and hunt who leads product, will also leave.
  • Lisa Utzschneider, the arch income officer who reportedly wants to be a CEO somewhere, will leave as well.

It’s misleading if the future roles of all Yahoo’s execs have been finalized, and some of the designed roles and the timing of the proclamation could still change.

Yahoo and Torres declined to comment. The other executives did not respond to requests for comment.

Verizon announced in Jul that it would acquire Yahoo’s core internet business for about $4.5 billion in cash. There have been a few snafus along the way, particularly Yahoo’s data-breach scandals, but the understanding is ostensible to close in June.

If Verizon were to lay off staff within the first year, it would have to compensate big. As Business Insider has reported, a supposed double trigger sustenance proviso would extend all Yahoo employees a special payout should they remove their jobs fast after this deal.

However, Mayer reportedly will be one of those who leaves the company and could mount to snag $23 million in severance.

Get the latest Yahoo batch price here.

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