Starboard Will Seek to Replace Yahoo's Entire Board, WSJ Says
- The activist firm will put up its own nominees, WSJ says
- Nominees include Starboard's CEO, media and tech executives
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Starboard Value LP will announce Thursday it’s seeking to replace Yahoo! Inc.’s entire board with its own slate of directors, the Wall Street Journal reported, citing a letter prepared by the activist investor.
The investment firm will nominate nine directors to Yahoo’s board, the Journal reported. Among the nominees are investment banker Tor Braham, technology executives Dale Fuller and Richard Hill, media executive Eddy Hartenstein and Starboard Chief Executive Officer Jeffrey Smith, the newspaper said.