Henrique De Castro

Henrique de Castro
Born 1966/1967 (age 51–52)[1]
Nationality Portuguese
Alma mater University of Lisbon (Licenciature in Business Administration)
International Institute for Management Development (MBA)
Board member of Target, First Data

Henrique De Castro is a Portuguese business executive who currently serves as Director of the Board at Target (NYSE: TGT) and First Data (NYSE: FDC) as well as an advisor at Cantor Fitzgerald, where he leads the corporate venture capital arm of the firm, Cantor Ventures. Previously, he served as Chief Operating Officer at Yahoo! between 2012 and 2014. Prior to that, De Castro held senior executive positions at Google including President of Partner Business Worldwide, responsible for approximately a third of Google's revenues and President of Media, Mobile & Platforms Worldwide where he built and scaled the business globally to over 50 countries.

Before Google, Henrique had senior executive roles at Dell and McKinsey & Company. Henrique has extensive experience across the globe in the Technology, Internet, Media and Retail industries. He has an MBA from IMD in Switzerland and a Bachelor in Business and Economics from ISEG in Lisbon. He is fluent in English, French, Italian, Spanish and Portuguese.

Education

De Castro received a Bachelor of Arts and a Master of Science from the Instituto Superior de Gestão in Lisbon, Portugal, which he attended from 1985 to 1990. He received a Master of Business Administration degree from the International Institute for Management Development in Lausanne, Switzerland He is fluent in English, Italian, French, Spanish, and Portuguese.[2]

Career

De Castro is a native of Portugal.[2] He began his career at Asea Brown Boveri (ABB) in corporate project finance and private equity.

De Castro later served as a consultant at McKinsey & Company.[3] He was also the Sales & Business Development Director for Dell Western Europe Region, where he managed sales and operations across nine countries.

Google

De Castro was director of sales and business development at Dell from 2004–06.[4] He joined Google in July 2006, managing media, sales and platforms for EMEA (Europe, Middle East and Africa).[5] In April 2009, he became director and later Vice-President and President of Google's media, mobile and platforms organization, with responsibility for $5 billion in annual business, including TV Ads, YouTube Ads, Google Display Network, Mobile Ads, AdMob, AdExchange and DoubleClick. He led the team to launch operations in 50+ countries, hired over 1,000 people, and acquired and integrated Google's two largest acquisitions.

From March to November 2012, De Castro was President of Google's worldwide Partner Business Solutions group, where he was responsible for advertising platforms and services for Google's publisher and commerce partners.[6]

Yahoo Inc.

De Castro was appointed chief operating officer of Yahoo in November 2012 by its new CEO Marissa Mayer. He was Mayer's "first major hire to be her No. 2"[7] and was the highest paid COO in the country.[8]

As COO, de Castro was responsible for strategic and operational management of Yahoo’s sales, media, business development and operations worldwide, with an annual budget of $5 billion.[5] However, he "quickly became the same polarizing figure at Yahoo" as he had been at Google.[7][8] After Marissa Mayer failure to move Yahoo's advertising business, which "continued to lag" throughout her tenure, de Castro was fired on January 16, 2014.[9][10] His severance package, estimated to be more than $60 million, was one of the largest golden parachutes ever given to a terminated executive.[11]

Board Memberships

De Castro was a Board Director of the Interactive Advertising Bureau (IAB), an industry association that comprises 500+ leading media and technology companies, and sets the agenda to educate marketers, agencies, media companies and regulators on Interactive Advertising.

De Castro was elected to the board of directors of Minneapolis-based retailer Target Corporation in March 2013, a position he currently holds.[12]

De Castro has been an advisor at investment group Cantor Fitzgerald since January 2017.[1]

In July 2017 De Castro was elected to the board of directors of First Data Corporation, the global leader in payment solutions

References

  1. 1 2 "Executive Profile: Henrique De Castro". Bloomberg.com. Retrieved 27 April 2017.
  2. 1 2 Kara Swisher (15 October 2012). "The $56 Million Man: Yahoo Confirms Hiring of Google's De Castro as COO". AllThingsD.
  3. ↑ Todd Spangler (15 January 2014). "Yahoo COO De Castro Exits After One Year". Variety. Penske Business Media, LLC. Retrieved 22 April 2014.
  4. ↑ Coutinho, Miguel Conde (16 January 2014). "Português da Yahoo despedido com 30 milhões". Jornal de Notícias (in Portuguese). Retrieved 27 April 2017.
  5. 1 2 Eric Savitz (15 October 2012). "Yahoo Nabs Google Exec Henrique de Castro To Be COO". Forbes. Forbes.com, LLC. Retrieved 22 April 2014.
  6. ↑ "Henrique de Castro Named Chief Operating Officer of Yahoo! (press release)". BusinessWire. 2012-10-15.
  7. 1 2 Kara Swisher (15 January 2014). ""Dead Man Walking" Walks: COO Henrique De Castro Out at Yahoo". re/code.
  8. 1 2 "Henrique de Castro - Business Bigwigs Bio". businessbigwigs.com.
  9. ↑ Guynn, Jessica (January 15, 2014). "Yahoo COO who clashed with Marissa Mayer is on his way out". Los Angeles Times. Retrieved October 9, 2014.
  10. ↑ "What happened when Marissa Mayer tried to be Steve Jobs". New York Times. December 18, 2014.
  11. ↑ Chris Isidore (17 January 2014). "Ousted Yahoo exec's golden parachute may be a record". CNN Tech.
  12. ↑ "Douglas M. Baker, Jr. and Henrique De Castro Elected to Target Corporation's Board of Directors". Target. Target Corporation. 13 March 2013. Retrieved 22 April 2014.
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