After Sale, Marissa Mayer to Leave Yahoo Board; Yahoo to Change Name to Altaba
January 09 2017 - 6:29PM
Dow Jones News
By Maria Armental
Yahoo Inc. said its Chief Executive Marissa Mayer and co-founder
David Filo will step down from the board after the sale of its core
business is completed, and the company will change its name to
Altaba Inc.
The company said in a regulatory filing that the moves would
happen after the closing of the roughly $4.8 billion sale of its
core business to Verizon Communications Inc. The Yahoo-Verizon sale
has been endangered by two huge hacks of Yahoo's user data.
Also leaving the board will be chairman Maynard Webb -- who as
of Monday became chairman emeritus -- as well as former chairman
Eddy Hartenstein, Richard Hill and Jane Shaw.
Eric Brandt, Broadcom Corp.'s former chief financial officer,
has replaced Mr. Webb as board chairman.
Ms. Mayer was named CEO of Yahoo after she came over from Google
in 2012.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 09, 2017 18:14 ET (23:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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