YAHOO chairman Roy Bostock and three other directors last night said they would step down as the struggling company ploughs ahead with its overhaul, including a possible disposal of its stakes in Alibaba Group and Yahoo Japan.
The group last night said it has appointed IBM veteran Alfred Amoroso and ex-eBay chief operating officer Maynard Webb as independent directors.
Bostock and fellow board members Vyomesh Joshi, Gary Wilson and Arthur Kern will not stand for re-election at the next shareholders’ meeting, the chairman said in a letter to shareholders released yesterday.
Their departures follow that of founder Jerry Yang, who was blamed for turning down a rich acquisition offer by Microsoft Corp near the height of Yahoo’s valuation.
Chief executive Carol Bartz left abruptly last September.
