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Upcoming Power Shift In Yahoo’s Board of Directors

According to the hottest rumor in the tech industry, Yahoo! will soon see some major changes in its board of directors. Apparently, four of the senior board members, including chairman Roy Bostock, will leave the company. Meanwhile two star directors from other companies are fidgeting to get in their new high power positions at Yahoo and other three positions are waiting for the suitable candidates.


Vyomesh Joshi, Gary Wilson and Arthur Kern are the other Yahoo board members who are believe to leave their positions following disappointing results in the last quarter of 2011. Kara Swisher from AllThingsD managed to predict the move when she analyzed the Yahoo’s performance just a month ago, in an article with the inspired title “Yahapocalypse Now?” Roy Bostock was blamed for many of the Yahoo’s failings during the past years, and not only the poor earnings.

He explained that in order to ensure the Silicon Valley Internet giant will regain the old time success, the board of directors analzed a new strategy for at least six months. “We initiated a search for a new Chief Executive Officer with a vision and set of skills to lead Yahoo! into the future. Two, we undertook a comprehensive strategic and structural review of the business. And three, we decided to assess the composition of the Company’s board of directors relative to its ability to enhance the prospects for Yahoo!’s future success.”

After the four directors will leave, Yahoo! Is looking to hire former Rovi CEO Fred Amoroso and LiveOps Chairman (and former CEO) Maynard Webb, who was once COO of eBay. The names for the three positions remained unoccupied in the board members have not been disclosed so far. Recently, Jerry Yang resigned (definitely) from his position, and we’re asking ourselves – where is Yahoo! headed now?

Source

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