Yahoo Inc said it appointed veteran technology executive and Silicon Valley investor Maynard Webb as chairman, replacing Fred Amoroso at the company, which is struggling to jumpstart its advertising business.<\/p>\n
Webb, who has served as interim chairman since April and is a former eBay Inc chief operating officer, has been a director at Yahoo since February 2012.<\/p>\n
Yahoo, once one of the Web’s most successful companies, has seen its revenue stall in recent years as consumers and advertisers favor rivals such as Google Inc and Facebook Inc.<\/p>\n
Chief Executive Marissa Mayer, a former Google executive, is about a year into a plan to try to bring viewers and users – and the revenue growth they represent – back to Yahoo.<\/p>\n
“Maynard Webb’s leadership and guidance have been an invaluable part of our board since he joined it in 2012,” Yahoo said in a statement on Friday.<\/p>\n
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