This news seems to be a part of an on going shake up of Yahoo Inc. that started with the resignation of the Yahoo co-founder Jerry Yang last month, and the appointment of the former eBay executive Scott Thompson as the CEO.
Yahoo Inc., Chairman Roy Bostock and three other directors are expected step down as the company goes through an overhaul of its board. The company has appointed former Rovi Corp CEO Alfred Amoroso and ex-eBay COO Maynard Webb as independent directors.
With the board overhaul Yahoo would be replacing nearly half of the directors. Yahoo’s chairman, Roy J. Bostock, wrote in a letter to shareholders Tuesday that neither he nor the company’s three longest-serving directors would stand for re-election.
These seem to be the latest steps by Yahoo to right itself amid enormous pressure from shareholders.
The changes may seem to be a new start as Yahoo seeks to build on an re-establish its reputation as a premium online property. With Google & Facebook, gaining ground over last few years Yahoo, has not been able to catch up specially in areas of mobile and social networking.
– Research Team