Menu
Mayer to quit as CEO of new holding company after Yahoo sale to Verizon

Mayer to quit as CEO of new holding company after Yahoo sale to Verizon

It's still not clear whether Mayer will move to Verizon, along with operating business

After Yahoo sells its operating business to Verizon Communications, Marissa Mayer step down as CEO from the holding company that remains, according to a regulatory document posted Monday.

However, Mayer and Yahoo still have not yet announced whether she will move with the operating business to Verizon or take another position. When Yahoo announced the deal with Verizon last July, Mayer said she planned to stay with the company.

"For me personally, I’m planning to stay," she said then. "I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter."

Thomas McInerney, a member of Yahoo's board since April 2012, will take over as CEO of the new holding company, named Altaba, according to a U.S. Securities and Exchange Commission filing posted online. McInerney served as executive vice president and CFO of IAC/InterActiveCorp from January 2005 to March 2012.

In January, Yahoo told the SEC that Mayer and five other members of the new holding company's board will leave after the sale to Verizon.

The sale of the Yahoo operating business to Verizon is expected to close in the second quarter.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments