News: Yahoo appoints tech veteran Maynard Webb as chairman

Leadership

Yahoo appoints tech veteran Maynard Webb as chairman

Yahoo Inc said it appointed veteran technology executive and Silicon Valley investor Maynard Webb as chairman, replacing Fred Amoroso at the company, which is struggling to jumpstart its advertising business.

Yahoo Inc said it appointed veteran technology executive and Silicon Valley investor Maynard Webb as chairman, replacing Fred Amoroso at the company, which is struggling to jumpstart its advertising business.

Webb, who has served as interim chairman since April and is a former eBay Inc chief operating officer, has been a director at Yahoo since February 2012. Yahoo, once one of the Web's most successful companies, has seen its revenue stall in recent years as consumers and advertisers favor rivals such as Google Inc and Facebook Inc.

Chief Executive Marissa Mayer, a former Google executive, is about a year into a plan to try to bring viewers and users - and the revenue growth they represent - back to Yahoo. "Maynard Webb's leadership and guidance have been an invaluable part of our board since he joined it in 2012," Yahoo said in a statement on Friday.

Read full story

Topics: Leadership, Appointments, #Movements

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

How are you helping to build the future of work?

READ our latest issue for perspectives on the many facets that form tomorrow's workplace.