Yahoo! (YHOO) Selects Yang Replacement for Alibaba Board Seat
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Yahoo! (Nasdaq: YHOO) shares are indicated for a lower open Wednesday despite reports the Board has chosen an executive to fill Jerry Yang's spot on Alibaba's Board.
Following the departure of the exec just a few months ago, Yahoo! is said to have selected Chief Financial Officer Tim Morse to take the vacated seat on Alibaba's Board. Though Yahoo! has the right to appoint two members to Alibaba's Board, it generally sticks with one.
Notably, Morse also served as interim CEO following the ousting of then-Chief Carol Bartz last summer.
Shares of Yahoo! are down about 0.3 percent early.
Following the departure of the exec just a few months ago, Yahoo! is said to have selected Chief Financial Officer Tim Morse to take the vacated seat on Alibaba's Board. Though Yahoo! has the right to appoint two members to Alibaba's Board, it generally sticks with one.
Notably, Morse also served as interim CEO following the ousting of then-Chief Carol Bartz last summer.
Shares of Yahoo! are down about 0.3 percent early.
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