Sunday April 28, 2013

Fred Amoroso Resigns as Chairman of Yahoo

Fred Amorosa, the Chairman of Yahoo who was elected to his position only last May, has resigned and will not seek re-election. His original agreement with Yahoo was to serve one year and oversee the successful turnaround of Yahoo as a company.

"I’m very grateful and proud of the progress Yahoo has made," Amoroso said in the statement. "Yahoo hired a great new CEO, brought on a fantastic management team, revitalized the employee base, and has begun to release top-notch new products."