Yahoo chief technology officer quits after 10 years

Yahoo's chief technology officer Farzad Nazem is stepping down.

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Yahoo's chief technology officer Farzad Nazem is stepping down.

Farzad has been with the company since 1996, and had served as chief technology officer for the past decade, overseeing Yahoo's engineering and product development. He leaves as the company is struggling to compete with Google, the leader in the internet advertising and search space.

"After spending the last 26 years in this fast-paced technology industry, I've finally decided it's time to slow down," Nazem said.

No replacement for Nazem has been announced, but Yahoo co-founder Jerry Yang "will be acting as the interim executive sponsor of the Technology Group until we identify my permanent replacement", Nazem said.

Nazem's resignation was disclosed in a company filing with the US Securities and Exchange Commission. His resignation becomes effective on 8 June.

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