SAN FRANCISCO: Yahoo Inc chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China’s Alibaba Group and Yahoo Japan.
The corporation, once a Web powerhouse but now agonizing over a range of options to revive flagging growth, on Tuesday said it appointed former Rovi Corp CEO and International Business Machines Corp veteran Alfred Amoroso and ex-eBay COO Maynard Webb as independent directors. Yahoo’s board has come under fire from investors impatient with the company’s persistent inability to effect a turnaround, and frustrated with the apparent indecisiveness of stakeholders over how to handle its investments in Alibaba and other prized Asian assets.