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Yahoo Reshapes Board

Chairman Bostock departs in shakeup aimed at spurring turnaround.

By Brian Womack, Bloomberg | Updated on February 08, 2012

Yahoo! Inc., a month after hiring Scott Thompson as chief executive officer, added two directors and announced the departure of Chairman Roy Bostock and three others in a board shakeup aimed at spurring a turnaround.

Alfred Amoroso, a former International Business Machines Corp. executive who ran Rovi Corp. until last year, and Maynard Webb, EBay Inc.’s ex-chief operating officer, will join the board, Yahoo said today in a statement. Bostock, Gary Wilson, Arthur Kern and Vyomesh Joshi, meanwhile, won’t stand for re-election as directors.

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