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(SOHU) - Get Ltd. Report

sank 4% early Thursday on news that president and operating chief Victor Koo would leave to "pursue entrepreneurial business opportunities."

The Beijing-based Internet company said the departure is effective March 31, 2005.

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"Victor helped establish a strong team of experienced executives who are ready to take the helm independently. We have already begun to work on a smooth transition by splitting Victor's operational responsibilities among these executives. Meanwhile, Victor will stay on as an adviser to the company for six months until Sept. 30, 2005," said CEO Charles Zhang.

Early Thursday, Sohu sank 74 cents to $17.