Yahoo chairman joins recent boardroom exodushttps://indianexpress.com/article/news-archive/web/yahoo-chairman-joins-recent-boardroom-exodus/

Yahoo chairman joins recent boardroom exodus

Yahoo could use a revolving door in its boardroom.

Yahoo could use a revolving door in its boardroom.

In the latest exit,chairman Alfred Amoroso will become the eighth Yahoo Inc. director to depart since early last year. He will leave the board on June 25 at Yahoo Inc.’s annual shareholders meeting,the company said Thursday.

Amoroso,63,is giving up the chairmanship immediately,prompting Yahoo to appoint Maynard Webb Jr. to handle the duties on an interim basis.

Yahoo indicated it won’t add another director after Amoroso departs,leaving the Internet company with 10 directors.

Amoroso and Webb joined Yahoo’s board 14 months ago when four longtime directors stepped down under shareholder pressure.

Yahoo co-founder Jerry Yang had gotten the exodus started when he left the board a month earlier. Finally,late last year,Intuit Inc. CEO Brad Smith and Weather Channel CEO David Kenny stepped down. Former accounting executive Sue James is now Yahoo’s longest-serving director. She came on board three years ago. The other directors,including CEO Marissa Mayer,have been appointed since February 2012.

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