Yahoo! Appoints Entrepreneur Max Levchin to Board of Directors
David Kenny and Brad Smith Step Down from Yahoo! Board
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo! Inc. (Nasdaq: YHOO) today announced that Max Levchin has been
appointed to its board of directors, effective immediately.
Levchin is a computer scientist, serial entrepreneur and angel investor
with extensive experience building enduring Internet companies. His
latest undertaking, HVF, is focused on solving big problems and
improving lives by extracting insights from the vast quantities of data
around us. Prior to founding HVF, Levchin served as vice president of
engineering at Google after its acquisition of Slide, an early developer
of social applications which he founded and ran. Levchin incubated and
was the first investor in Yelp. A graduate of the University of Illinois
in Champaign-Urbana, he was one of the co-founders of PayPal as well as
the company's CTO, from founding through its acquisition by eBay.
Levchin also serves as chairman of the boards at Kaggle and Yelp and is
a director at Evernote.
"Max is someone I've admired throughout my career for his phenomenal
sense for great products and keen focus on user experiences," said
Marissa Mayer, CEO of Yahoo!. "I'm confident that his strong product and
technology expertise will be a tremendous asset to Yahoo! as we work to
transform the world's daily habits."
David Kenny and Brad Smith have decided to step down from the board in
order to focus on their respective companies, effective immediately.
There are now 11 directors on the Yahoo! board.
"I'd like to thank David and Brad for their stewardship of the company
over the past few years. Both David and Brad played critical roles in
bringing me to Yahoo!, so I'm especially grateful for the opportunity
and trust they've placed in me. They also oversaw some of Yahoo!'s most
significant transactions, including the recent Alibaba repurchase
agreement. We will miss their leadership and partnership, and I know I
speak for everyone at Yahoo! in wishing them the best," said Mayer.
"The board is thrilled to welcome Max, and we look forward to working
with Marissa and the entire Yahoo! team to continue to drive the company
forward," said Fred Amoroso, chairman of the board of directors of
Yahoo! Inc.
"On behalf of the board, I would like to thank David and Brad for their
vision and dedication to Yahoo!. Their insight has been invaluable in
helping to position Yahoo! so well for the future," Amoroso continued.
About Yahoo!
Yahoo! is focused on making the world's daily habits inspiring and
entertaining. By creating highly personalized experiences for our users,
we keep people connected to what matters most to them, across devices
and around the world. In turn, we create value for advertisers by
connecting them with the audiences that build their businesses. Yahoo!
is headquartered in Sunnyvale, Calif., and has offices located
throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East
and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net)
or the company's blog (yodel.yahoo.com).
Yahoo! Inc.
Sara Gorman, 408-349-1909 (Media)
sgorman@yahoo-inc.com
Joon
Huh, 408-349-3382 (Investors)
investorrelations@yahoo-inc.com
Source: Yahoo! Inc.
News Provided by Acquire Media
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