Source revealed that Mike Walrath, founder and former CEO of Right Media Exchange, has decided to call it the quits with yahoo. Walrth joined Yahoo way back in April 2007 through the acquisition of Right Media. Recently he had been working on ad strategies.
He founded Right Media Exchange in 2003. By October 2006 Yahoo garnered an ownership stake of 20% and bought the outstanding 80% for a sum of $680 million in April.
Yahoo claims, “Michael Walrath is leaving to pursue the next phase of his career. We appreciate his contributions to Yahoo, and we wish him success in the next chapter of his career.”