Some key changes are happening at Yahoo after its sale to Verizon closes.
The company’s CEO, Marissa Mayer, and its co-founder, David Filo, will step down from the board after Verizon completes its $4.8 billion acquisition for Yahoo’s core internet properties first announced this past July. Others leaving the board include Maynard Webb; Eddy Hartenstein; Richard Hill; and Jane Shaw.
Mayer first arrived at Yahoo in 2012 after more than a decade at Google.
An SEC filing posted today also noted that the new name for Yahoo, which will become an investment company with stakes in Alibaba and Yahoo! Japan, will be Altaba.
Yahoo’s deal with Verizon is in limbo after the company revealed two big hacks over the past four months.
