NEW NAME FOR YAHOO
Mayer to quit after Verizon merger
Marissa Mayer is expected to remain with Yahoo’s core business, which is being bought by the US telecom titan
Yahoo confirmed on Monday that CE Marissa Mayer will quit the company’s board after its merger with Verizon. Mayer is expected to remain with Yahoo’s core business, which is being bought by the US telecom titan. Yahoo is selling its internet operations as a way to separate that from its more valuable stake in Chinese internet giant Alibaba. The share-tending entity, to be renamed Altaba, Inc, will act as an investment company with its board reduced to five members, according to a filing with the US Securities and Exchange Commission. Yahoo co-founder David Filo and Mayer will be among those resigning from the board, according to the filing. When asked what role Mayer would play after the merger with Verizon, the company referred AFP to a Tumblr post from July, after the deal to sell the company’s core operations was announced. "For me personally, I’m planning to stay," Mayer said. "It’s important to me to see Yahoo into its next chapter." Mayer remains CE at Yahoo. It still remained...
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