Tuesday, January 10, 2017

Yahoo CEO Marissa Mayer is resigning from board of Directors



Yahoo announced in a filing with the SEC on Monday, that Yahoo CEO Marissa Mayer is resigning from company's board of directors.

The movement will be in connection with Yahoo's merger with Verizon $4.8 billion . Mayer will step down from the board after the deal closes, as will Yahoo con founder David Filo and for other members of the board

The resignation will reduce Yahoo's board to five members and are Not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices, the filing says.