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Yahoo CFO Leaving as New CEO Prepares Shake-Up
By: AP | 26 Feb 2009 | 12:39 PM ET
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Yahoo's chief financial officer is leaving the troubled Internet pioneer as part of a management shake-up engineered by the company's new CEO.

Video: CNBC's Jim Goldman discusses the management changes at Yahoo.

Blake Jorgensen, who had been Yahoo Inc.'s [YHOO  Loading...      ()   ] CFO since June 2007, will relinquish his duties as soon as his replacement is found.

His departure is disclosed in a regulatory filing Thursday.

It comes as Yahoo CEO Carol Bartz reshuffles the company's management team to quicken decision making and execute on her turnaround strategy. Sunnyvale, California-based Yahoo hired Bartz six weeks ago to replace co-founder Jerry Yang.

Jorgensen was a close ally with former Yahoo President Susan Decker, who resigned last month after she didn't get the CEO job.

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