SAN FRANCISCO, Aug 16 (Reuters) – Yahoo Inc said it
appointed veteran technology executive and Silicon Valley
investor Maynard Webb as chairman, replacing Fred Amoroso at the
company, which is struggling to jumpstart its advertising
business.
Webb, who has served as interim chairman since April and is
a former eBay Inc chief operating officer, has been a
director at Yahoo since February 2012.
Yahoo, once one of the Web’s most successful companies, has
seen its revenue stall in recent years as consumers and
advertisers favor rivals such as Google Inc and
Facebook Inc.
Chief Executive Marissa Mayer, a former Google executive, is
about a year into a plan to try to bring viewers and users – and
the revenue growth they represent – back to Yahoo.
“Maynard Webb’s leadership and guidance have been an
invaluable part of our board since he joined it in 2012,” Yahoo
said in a statement on Friday.
