Chief Product Officer at Yahoo Resigns

Yahoo Inc. veteran Timothy Brady, the third employee hired by the most-used Internet search site, resigned to explore an academic career, a spokeswoman said.

Brady, 33, is responsible for editorial content and how it is presented on Yahoo’s Web sites. He will leave at the end of the month. Most of Brady’s duties will be assumed by Geoff Ralston, senior vice president of communications.

Since Yahoo Chief Executive Terry Semel replaced original CEO Tim Koogle last year, many executives who began under Koogle have left.

Shares of Sunnyvale, Calif.-based Yahoo fell 78 cents to $12.02 on Nasdaq. The stock has fallen 32% this year.