The internet brand was acquired by private equity firm Apollo for $5 billion a year ago.
Jessica Alba, an actress and founder of The Honest Company, is one of the new appointees.
#ANGELS founding partner raises $25M for debut fund Moxxie Ventures
Digital media, private equity, entertainment and more are some of the industries the tech veterans have experience in. They are joined by representatives from other companies, including Yahoo CEO Jim Lanzone, who joined the company a year ago.
Six appointees at once is a big change, but the company is already in a period of transition.
Lanzone said that establishing a powerful board of directors with strategic knowledge of diverse industries will drive greater growth. The intersection of media, tech, product, and content is more relevant than ever and this board represents the best minds in those areas.
In an interview with the New York Times, Lanzone said that the company's media properties are individual products. This isn't in Yahoo's immediate plans, but he said he has gotten multiple offers to buy the assets formerly belonging to AOL. Lanzone said that he will be looking for acquisitions in the future, but we probably won't see that happen for a year.
As a newly independent company, Yahoo has experienced incredible momentum, reflected in our financial performance, user engagement figures, and perhaps most importantly, the quality of talent that has joined the company over the last few months.
Jim Lanzone breaks up with Tinder, swipes right to take the CEO job at Yahoo, Renate Nyborg takes Tinder CEO role
Jessica Alba on the past, present and future of The Honest Company
All Rights Reserved © 2024
