Yahoo (NSDQ: YHOO) is reorganizing the Connected Life division with the intention of actually making money. The reorganization, announced internally today at an all-hands meeting, includes a management shuffle and the new goal of contributing to Yahoo’s bottom line by 2009, according to an email we obtained. The email was sent out today to employees by Marco Boerries, Yahoo’s EVP of the Connected Life Division, who also made the announcement at a meeting this morning.

At the top of the list for new executive appointments, Boerries named David Ko as SVP of Mobile. Previously, he ran Connected Life in Asia, and will be moving back to the states from Singapore to head global operations and business activities. Ko is replacing Steve Boom, whose departure was reported last month. Boerries wrote: “I am super happy to announce today that David Ko, our rock star from Asia who led the Connected Life Mobile team to dominate in that region, has been promoted to SVP of Mobile. Also, as part of the restructuring, Boerries said he will now oversee all of the various groups, such as oneSearch, oneConnect and IPTV. Previously, those groups reported to Boom, who reported Boerries. Full details at mocoNews.net...