Posted on October 21, 2009 at 4:07 PM
Filed under: Movers & Shakers
Tagged: Andrew Siegel , Yahoo! Inc.

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Yahoo! Inc. (NASDAQ:YHOO) has hired former General Electric Co. (NYSE:GE) executive Andrew Siegel as vice president of corporate development. Siegel was previously a corp dev manager at GE and a senior managing director for the company's finance arm GE Capital.

Siegel's focus, according to this Wall Street Journal article on Yahoo!'s third-quarter earnings, will be to assess the No. 2 search firm's portfolio and shop the units that no longer fit with chief executive Carol Bartz's vision of a more focused Yahoo!. Silicon Valley Insider in this Oct. 6 post placed its bets on which Yahoo! properties could be sold. The list included the classified job site HotJobs and Yahoo! Small Business.

Siegel worked in corp dev at transaction-intensive GE between Jan. 2005 and Jan. 2007, a time frame in which the company did plenty of deals. They include the $4.8 billion purchase of the aerospace division of Smiths Group plc and the $8.5 billion sale of GE Insurance Solutions to Swiss Reinsurance Co.  - Suzanne Stevens





 

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