Finance time

Yahoo Inc. on Monday named Blake Irving chief product officer, replacing former head of products and technology Ari Balogh.

Sunnyvale-based Yahoo (NASDAQ:YHOO) also named Prabhakar Raghavan chief scientist.

Yahoo said Balogh will leave the company June 3 for personal reasons; Irving will assume his new position May 17.

“Blake brings to Yahoo! genuine large scale Internet expertise from a mature company known for world-class technology. In addition, Prabhakar has invaluable technological insights and expertise that I look forward to having my executive team hear more directly,” said CEO Carol Bartz. “With leaders like Blake and Prabhakar, I am confident that we will increase technological innovation and deliver against our vision to be the center of people’s online lives.”

Irving was most recently a professor at Pepperdine University’s Graziadio School of Business and Management in Malibu. In his prior role as corporate vice president of the Windows Live Platform group, Irving led a team of 4,000 to build and operate Microsoft Corp.’s Internet-scale services platform, advertiser and developer ecosystem. Irving also held a variety of development and general management positions at Microsoft.

Before joining Microsoft, Irving held development and product marketing management positions at Xerox Corp., Oki Electric Industry Co. Ltd. and Compaq Computer Corp.

Raghavan joined Yahoo in 2005. Before that he was chief technology officer at Verity and held a number of technical and managerial positions at IBM Research. He is a consulting professor of Computer Science at Stanford University and editor in chief of the Journal of the Association of Computing Machinery.

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