Yahoo!7 appoints Stuart Sayers as COO

Yahoo!7 has appointed ex-E-Trade boss Stuart Sayers as chief operating officer in a move that signals a new focus on consumer transactions on the site. The COO role is a new position at the company.

The announcement:

Sydney, Australia, 2 February, 2012 – Yahoo!7 today announced that former E*TRADE
Managing Director, Stuart Sayers, will join Yahoo!7 in the newly created role of Chief
Operating Officer commencing April 2012.

Stuart comes to Yahoo!7 with a background in management consulting at McKinsey &
Company as well as a deep understanding of transactional businesses from his time at
E*TRADE and ANZ Bank.

According to Yahoo!7 CEO Rohan Lund: “We’ve come a long way in the past few years and
the Yahoo!7 group has grown substantially across a number of digital brands and a diverse
revenue mix. Digital advertising is increasingly becoming just one component of our
business.  We’ve come to realise that every visitor to Yahoo!7 is an opportunity for a
transaction, not just an ad impression.

“Stuart is an outstanding talent and will bring a valuable set of skills in managing
transactional businesses, understanding complex operations and business transformation to
help scale the business to deliver on the vision of Yahoo!7,” he said.

Source: Yahoo!7 press release