Yahoo, the nearly three-decade-old internet brand, is adding six new members to the privately held company’s board of directors, including actress and entrepreneur Jessica Alba.
Verizon Media sold Yahoo to private equity firm Apollo Group for $5 billion last year, while the telco retained a 10% stake. The company hired Jim Lanzone, the former Tinder and CBS exec, as CEO.
Lanzone and representatives from Apollo and Verizon on the Yahoo board include: Alba, founder and chief creative officer of mission-driven consumer goods company The Honest Co.; Aryeh Bourkoff, founder and CEO of investment bank LionTree; Cynthia Marshall, CEO of the Mark Cuban-operated Dallas Mavericks; Fouad ElNaggar, co-founder and CEO of Array; K5 Global Founder and CEO Michael Kives; and Katie Stanton, founder and general partner of Moxxie Ventures, who was previously a senior executive at Twitter, Google, Yahoo and Color.
“As we enter a new era for Yahoo, the establishment of a powerful board with strategic knowledge across multiple industries will lead to greater growth, innovation and scale,” Lanzone said in an announcement. “The intersection of media, technology, products and content is more relevant than ever and this board represents the brightest minds in those categories.”
Reed Rayman, Chairman of Yahoo, commented in a statement, “We are delighted to welcome such high caliber executives to Yahoo’s board of directors, which we see as a testament to Yahoo’s leadership in delivering seamless consumer products and digital media solutions on an unprecedented scale. and the opportunities that lie ahead.”
Yahoo says it reaches an audience of nearly 900 million people worldwide. Besides Yahoo Finance, its brands include AOL, Engadget, TechCrunch, Yahoo Sports, Yahoo Finance, Yahoo Fantasy, and Yahoo Mail.
https://variety.com/2022/digital/news/jessica-alba-yahoo-board-directors-1235292401/ Jessica Alba joins Yahoo’s board of directors