Yahoo CTO Raymie Stata Steps Down

According to allthingsd.com, Yahoo (NASDAQ: YHOO) CTO Raymie Stata is stepping down. He will be replaced by Ash Munshi, Yahoo said. According to sources, while Stata is leaving the CTO position, he will remain as an Entrepreneur in Residence (EIR) at the company. Stata became CTO last June and had previously served as the company's Chief Architect.

Yahoo said in a statement that “Raymie Stata, CTO, has taken on a newly created role of EIR at Yahoo! to allow him to return to his entrepreneurial roots. Yahoo! is excited to appoint Ash Munshi to the role of CTO. Ash has a well-established career managing successful global technology organizations at the most senior levels with a laser focus on meeting and exceeding customer needs.”