Web portal Yahoo said Wednesday that Dimitri Boylan, the CEO and co-founder of its recently acquired job-listing site, HotJobs.com, will step down from his position by the end of the month to pursue other interests.
Boylan will remain at the company until May 31 as a consultant. Yahoo is conducting a search for his replacement.
Boylan's resignation comes a month after Yahoo completed its acquisition of HotJobs for about $439 million in cash and stock. The purchase was intended to boost Yahoo's listings services, which could generate subscription revenue for the company.
The majority of HotJobs' revenue is derived from employers and recruiters who pay the site to list job openings.
News source: Cnet