Yahoo! Inc said it's appointing Maynard Webb as chairman, as Chief Executive Officer Marissa Mayer continues a turnaround effort of the internet company. Webb, who joined Yahoo!'s board in February 2012, was serving on an interim basis after Fred Amoroso resigned as chairman in April.
Yahoo!, which has weathered a series of management and board changes in the past two years, is adding tools and services to help woo users and advertising dollars under Mayer, who joined the Sunnyvale, California-based company in July 2012.
"Maynard Webb's leadership and guidance have been an invaluable part of our board since he joined it in 2012," said Anne Espiritu, a spokeswoman for Yahoo!.
"We are honoured that Maynard will continue to serve as chairman of the board."
