Bartz wields Yahoo's terrible swift sword, Jorgensen falls

Yahoo CFO Blake Jorgensen is out and the much-rumored reorganization is on as CEO Carol Bartz blows up the "notorious silos" that have left the company sluggish in recent years, and makes visible moves to renew the company's consumer focus.

Current CTO Ari Balough will now hold sole managerial responsibility for all of Yahoo's technology and products. The company will seek a new CFO, and Jorgensen will fill in during that period.

Details of the re-org continue to emerge, but it's known that the company will now consist of a North American and an International division, with EVP Hilary Schneider taking charge of the former. There's a new Chief Marketing Officer position, to be held by newcomer Elisa Steele, and an engineering-and-operationg group to be managed by David Dibble.