Yahoo has appointed six new executive members of its boards of directors to lead the company into the next phase. This comes after the company was bought by Apollo for $5 billion last year.
The new members include Aryeh Bourkoff, founder and CEO of the independent global investment firm LionTree, an investor in Yahoo; Fouad ElNaggar, co-founder and CEO of Array and Sapho; Michael Kives, founder and CEO of K5 Global and Jessica Alba, actress and founder of The Honest Company.
speaking about the new developments Yahoo CEO Jim Lanzone is a statement said: “As we enter into a new era of Yahoo, establishing a powerful board of directors with strategic knowledge of diverse industries will drive greater growth, innovation, and scale.”
“The intersection of media, tech, product, and content is more relevant than ever and this board represents the best minds in those categories.”
Reed Rayman, Yahoo Chairman said: “As a new standalone company, Yahoo’s business 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 several months.”