SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo! Inc. (YHOO) today announced that Max Levchin has been appointed to its board of directors, effective immediately.
Levchin is a computer scientist, serial entrepreneur and angel investor with extensive experience building enduring Internet companies. His latest undertaking, HVF, is focused on solving big problems and improving lives by extracting insights from the vast quantities of data around us. Prior to founding HVF, Levchin served as vice president of engineering at Google after its acquisition of Slide, an early developer of social applications which he founded and ran. Levchin incubated and was the first investor in Yelp. A graduate of the University of Illinois in Champaign-Urbana, he was one of the co-founders of PayPal as well as the company’s CTO, from founding through its acquisition by eBay.
Levchin also serves as chairman of the boards at Kaggle and Yelp and is a director at Evernote.
“Max is someone I’ve admired throughout my career for his phenomenal sense for great products and keen focus on user experiences,” said Marissa Mayer, CEO of Yahoo!. “I’m confident that his strong product and technology expertise will be a tremendous asset to Yahoo! as we work to transform the world’s daily habits.”
David Kenny and Brad Smith have decided to step down from the board in order to focus on their respective companies, effective immediately. There are now 11 directors on the Yahoo! board.
“I’d like to thank David and Brad for their stewardship of the company over the past few years. Both David and Brad played critical roles in bringing me to Yahoo!, so I’m especially grateful for the opportunity and trust they’ve placed in me. They also oversaw some of Yahoo!’s most significant transactions, including the recent Alibaba repurchase agreement. We will miss their leadership and partnership, and I know I speak for everyone at Yahoo! in wishing them the best,” said Mayer.
“The board is thrilled to welcome Max, and we look forward to working with Marissa and the entire Yahoo! team to continue to drive the company forward,” said Fred Amoroso, chairman of the board of directors of Yahoo! Inc.
“On behalf of the board, I would like to thank David and Brad for their vision and dedication to Yahoo!. Their insight has been invaluable in helping to position Yahoo! so well for the future,” Amoroso continued.
Yahoo! is focused on making the world's daily habits inspiring and entertaining. By creating highly personalized experiences for our users, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo! is headquartered in Sunnyvale, Calif., and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog (yodel.yahoo.com).
Quiz: Identify these famous sports personalities?
- Kanye Talks Design in the Forthcoming Rem Koolhaas Film
Screengrab via Vimeo The latest installment in Yeezy on design comes courtesy of L.A.-based cinematographer Tomas Koolhaas, who's putting together a documentary on his father, architect Rem, that includes a sit-down with Kanye West. As any student of the... …
- Pluck Flowers From the Roof of This Modern Hobbit Hut
Photo via Dezeen Created by Parisian architect Patrick Nadeau and landscape designer Pierre Georgel, this so-called La Maison-vague, or Wave House, does an impressive job of straddling the line between adorable hobbit house and verdant, grassy-roofed getaway. Indeed, the two-story... …
- Dow, S&P 500 drop for fourth straight day; Fed a concern
The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus. Still, the losses were broad, with eight of the 10 S&P 500 sector indexes ending lower for the day on concerns that the market's recent rally to record levels was not justified. About 60 percent of the shares traded on the New York Stock Exchange closed lower for the …
- EXCLUSIVE: U.S. plans new bank fraud cases in early 2014 - attorney ge …
The U.S. Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase & Co's (NYS:JPM - News) $13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday. In an interview with Reuters, Holder would not say which companies or how many could face lawsuits but said the Justice Department was in contact with them and it was hard to say whether the talks would lead to …
- Upbeat U.S. data points to growth momentum
U.S. private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months. Other data on Wednesday also pointed to a brightening outlook, with the services industry expanding at a decent pace last month and exports hitting a record high in October. There was also good news on the housing market as new home sales posted their largest increase in nearly 33-1/2 years. "The economy …
IN-DEPTH ANALYSIS & INTERVIEWS
- What you should study while working
Back to School …
- How to crack the GATE and enter the IITs
Gateway to the IITs …
- Is it the right time to invest in bank stocks?
Stocks of banks, both private and public, have been facing a lot of pressure recently, with public sector banks worse off than the private sector ones. While experts seem to be bullish on the sector over ... …
- A guide to handle notices from the income tax department
Have you been served a notice by the income tax department of late? If yes, there is no need to get flustered, say experts. A notice does not necessarily mean you have committed a crime. Even a minor error ... …
- Infy CEO sends out Bond- style wedding invite
- Borrowers face the heat as short-term rates under pressure
In its second quarter monetary policy released October 29, the Reserve Bank of India reduced the marginal standing facility, or MSF, rate, at which it lends emergency funds to banks, by an identical margin. ... …
- Betting On Winners
Best picks among the 50 stocks in BSE-200 that have more than doubled since 2008. …
- Most Actives
- Price % Gainers
- Price % Losers
Recent Quotes Symbol Price Change % Chg ChartYour most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.You need to enable your browser cookies to view your most recent quotes.
Recent Quotes News
- Sign-in to view quotes in your portfolios.