In addition to the re-org at Yahoo, the company is also creating a new division to focus on building and implementing a cloud computing platform. Google and Microsoft have each released or announced parts of their cloud platform plans, while Yahoo had previously kept a tight lip.

From Yahoo’s press release…

In order to expand its cloud computing capabilities, the Company will form a Cloud Computing & Data Infrastructure Group, charged with developing a computing infrastructure that balances scalability with cost effectiveness. It will move all consumer-facing platform teams to the Audience Technology Group, led by Venkat Panchapakesan. In addition, it is putting new leadership in place behind Yahoo!’s search group, naming Prabhakar Raghavan to direct search strategy and Tuoc Luong as the interim leader of the search product team.

We are trying to get more details about this news, and as we find out new info we will be updating here.