Yahoo Inc. today announced that effective immediately, serial entrepreneur Max Levchin has been appointed to its board of directors and two directors have stepped down.
Following the departure of David Kenny, chief executive of the Weather Channel, and Brad Smith, chief executive of Intuit, there are now 11 directors on the Yahoo board.
Levchin, currently founder of big data analysis and strategy startup HVF, was nominated by Daniel Loeb, the activist shareholder who joined Yahoo’s board in May.
A respected technologist and angel investor, Levchin (pictured) also serves as chairman of the boards at Kaggle and Yelp and is a director at Evernote. He is well-known for being a co-founder and chief technology officer of PayPal, incubating Yelp, and becoming vice president of engineering at Google after it acquired his social applications company Slide.
Marissa Mayer, CEO of Yahoo, thanked Kenny and Smith for their “stewardship of the company over the past few years” and for their role in bringing her to the online giant.
Here’s the statement she released about Levchin: “Max is someone I’ve admired throughout my career for his phenomenal sense for great products and keen focus on user experiences. I’m confident that his strong product and technology expertise will be a tremendous asset to Yahoo as we work to transform the world’s daily habits.”
Fred Amoroso, chairman of the board of directors of Yahoo Inc., spoke on behalf of the board in expressing similar thoughts of appreciating the departing board members and welcoming Levchin.
Yahoo – press release
HVF – http://hvf.cc
Los Angeles Times – Yahoo shakes up board, brings in top technologist Max Levchin
New York Times – Yahoo Shakes Up Its Board, Adding Levchin
Photo of Max Levchin by Flickr user Financial Times photos, used under Creative Commons license