- Title: Yahoo's Marissa Mayer to resign from board after Verizon deal closes
- Date: 10th January 2017
- Summary: LAS VEGAS, NEVADA, UNITED STATES (FILE - APRIL, 2016) (REUTERS) VARIOUS OF MARISSA MAYER
- Embargoed: 25th January 2017 00:17
- Keywords: Yahoo Marissa Mayer Verizon Altaba Eric Brandt
- Location: SUNNVALE, CALIFORNIA, UNITED STATES / NEW YORK, NEW YORK, UNITED STATES / LAS VEGAS, NEVADA, UNITED STATES
- City: SUNNVALE, CALIFORNIA, UNITED STATES / NEW YORK, NEW YORK, UNITED STATES / LAS VEGAS, NEVADA, UNITED STATES
- Country: USA
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0015YD2GCN
- Aspect Ratio: 16:9
- Story Text:Yahoo Inc said Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.
Five other directors would also resign after the deal closes, Yahoo said in a filing on Monday (January 9).
The company also named Eric Brandt chairman of the board, effective Jan. 9.
Verizon's $4.83 billion deal for Yahoo's core internet assets came under renewed scrutiny by federal investigators and lawmakers last month after Yahoo disclosed the largest known data breach in history
Mayer said in July that she planned to stay at Yahoo through the transaction's close.
Yahoo said the remaining company would be renamed Altaba Inc after the deal closes. - Copyright Holder: FILE REUTERS (CAN SELL)
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