Fred Amoroso will resign on June 25 at the company's annual shareholders’ meeting. This is the 7th resignation from the Yahoo Board of Directors in a year. This personnel reshuffle has had an impact on the Yahoo stock quotes.
The former Chairman of the Board said that he was very proud of the progress Yahoo had made over the year. “When I became a chairman, I intended to serve only a year in order to help Yahoo during critical time of transformation.”
In the summer 2012, after the replacement of three directors, Yahoo announced that former Google executive Marissa Mayer is going to fill the position of Yahoo CEO. Thanks to her, in the first decade of 2013 the company's net income increased by 36% to $390 mln in comparison with last year.
Yahoo! Inc. headquartered in Sunnyvale, California, was founded in 1994. The company has its own search engine and also the wide range of the related internet services used by over 0.5 billion people.
