Yahoo to restructure board of directors
Last Updated: 4:42 PM, February 7, 2012
Posted: 4:38 PM, February 7, 2012
PrintSUNNYVALE, Calif. -- Yahoo Inc. announced Tuesday that Chairman Roy Bostock and three other directors will not seek re-election to the company's board.
In a statement, Yahoo said Bostock, Vyomesh Joshi, Arthur Kern and Gary Wilson will not run for re-election.
In a letter to shareholders, Bostock said two new independent directors -- Alfred Amoroso and Maynard Webb, Jr. -- have been elected to the board, which is continuing its search for more independent board members.
Amoroso is the former CEO of Rovi Corp. and Webb is the former CEO of LiveOps.
To read more, go to MarketWatch.com.
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