Yahoo Vice President Eric Lange is leaving the struggling Web company to join fast-growing Indian e-commerce site Flipkart.
Yahoo has lost yet another key executive, this time to India.
Eric Lange, a company vice president who managed analytics and publisher products for Yahoo's ad business and led the recent acquisitions of Flurry and BrightRoll, is joining Bangalore-based Flipkart, according to a statement sent to CNBC.com on Tuesday.
Starting next month, Lange will assume the role of vice president of product management for customer service experiences at Flipkart, an e-commerce company that was valued at $15 billion in a financing round in May, The Wall Street Journal reported at the time.
"I am excited to once again join an industry-leading company that values innovation and consumer experience and am looking forward to redefining what the world expects from customer service," Lange said.
Founded in 2007, Flipkart is India's biggest e-commerce marketplace, with more than 30 million products for sale. The site connects businesses of all sizes with consumers in the world's second-most populous country.
While Flipkart is reeling in talent, Yahoo is simply reeling. ( Tweet This) Chief Executive Marissa Mayer , three years into her tenure, has been unable to spark a turnaround, as the Sunnyvale, California-based company continues to suffer from market share losses. Revenue has dropped for two straight years.
Yahoo shares have dropped 23 percent this year.