Four Yahoo! Board Members Are Out
Yahoo! has announced that four of their long-time board members are stepping down, whom are Roy Bostock, Vyomesh Joshi, Gary Wilson, and Arthur Kern. Two new directors at Yahoo! are former Rovi CEO Fred Amoroso and LiveOps Chairman Maynard Webb, who was once COO of eBay.
Rovi focuses on digital entertainment technology and LiveOps has cloud-based enterprise solutions. Yahoo! is also adding three new board members soon, but those people are not confirmed as of yet. Currently it is unknown who will be the chairman of Yahoo!’s board.
Yahoo! is currently in the midst of a potential proxy battle from activist shareholder Daniel Loeb. Loeb is working on a new slate of directors on his own. Recently Yahoo! hired Scott Thompson as the new CEO.