Another executive leaves Yahoo

Posted by Gavin Schwartz

As Yahoo continues an excruciating search to make itself relevant again, the man in charge of the technological side of the company has stepped down after just over 2 years.

Ari Balogh, Yahoo's chief technical officer, will leave the company for "personal reasons" on June 3, according to Reuters. A replacement is likely already in place according to the news wire's report on a Yahoo statement.

As Yahoo continues an excruciating search to make itself relevant again, the man in charge of the technological side of the company has stepped down after just over 2 years.

Ari Balogh, Yahoo's chief technical officer, will leave the company for "personal reasons" on June 3, according to Reuters. A replacement is likely already in place according to the news wire's report on a Yahoo statement.

"This job was my dream job, which makes this decision very hard," said Balogh, who cited a difficult family issue as the reason why he had to leave.

Balogh joined Yahoo in February of 2008 and was working on a new direction for the company to better integrate all of its products and services to one another.

Yahoo has become somewhat mired in the mainstream especially after its former CEO Jerry Yang refused to accept a buyout offer from Microsoft. Some Yahoo stockholders were furious and reporters flabbergasted at Yang's persistence regardless of the more-than-favorable offer.

It still remains a top destination but is losing footing against Google and Microsoft, companies that continue to innovate their products and services at a faster clip than Yahoo.

Yahoo did reach a deal with Microsoft earlier this year, as the two companies merged their search technology together. They are still working on optimizing each other's algorithms to work in harmony and provide a better competing service to Google.