In the interim, Maury Zeff will assume the role of general manager until a replacement is appointed, Yahoo Asia spokesperson Pauline Wong said.
"We are aggressively recruiting and hope to find a replacement soon," Wong told Singapore.CNET.com in an email interview.
"Maury was with Yahoo for more than two years before moving to Singapore to manage regional production," the Hong Kong-based spokesperson said.
Zeff is currently director of production for Asia. He previously served as Yahoo Inc senior producer for international sites and is credited for establishing Yahooligans!, a Web guide for kids.
Teo joined the company as general manager on May 31, 2000. Prior to this, she was Personal Connectivity Product Marketing and Consumer Marketing director for 3Com in Asia Pacific.
She also held marketing and management positions in Digital, IBM, Acer and IDC covering markets such as Latin America, the Middle East, Asia and Europe.
Another one bites the dust
Teo's departure is the latest in a series of high-level resignations at Yahoo.
Early this month, Yahoo CEO Tim Koogle announced he would give up the post but remain chairman. Quoting sources, CNET News.com today reported that former BMG Entertainment head Strauss Zelnick had turned down an opportunity to take the helm at Yahoo.
Closer to home, Savio Chow, Yahoo Asia vice president and managing director, left the company late last month. Yahoo Inc senior vice president (International Operations) Heather Killen is currently overseeing Chow's responsibilities across the region.
Other company executives who have resigned in the last few months include:
• Mark Rubinstein, head of Yahoo's Canadian operations
• Fabiola Arredondo, who lead Yahoo's European operations
• Jin Youm, chief executive of Yahoo South Korea
• Anil Singh, head of Yahoo Inc's advertising and marketing efforts
Some analysts believe the Internet portal's stock is still too expensive considering its 2001 earnings will be substantially lower.
Lehman Brothers analyst Holly Becker for instance told CNET News.com that Yahoo "still has a hefty valuation, a business model in transition, and very little earnings visibility."
Early this month, Yahoo said revenue for the first quarter would be revised to between US$170 million and US$180 million, well below the US$232 million in revenue and per-share profit of US$0.05 that Wall Street analysts expected.
Chief financial officer Susan Decker said the company is committed to breaking even this year. According to First Call, Yahoo was expected to post earnings of US$0.36 a share for 2001.
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