Yahoo’s Fred Amoroso Resigns as Chairman, Plans to Leave Board
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Yahoo! Inc., the largest U.S. Web portal, said Fred Amoroso resigned as chairman and won’t seek re-election as a director while the company undergoes a fresh turnaround effort by Chief Executive Officer Marissa Mayer.
Maynard Webb, who joined the board in February 2012, will serve as interim chairman, Yahoo said in a statement. Amoroso, who became a director at the same time as Webb, told the board when he became chairman in May that he planned to serve in that role for a year, according to yesterday’s statement.