Chair and directors leave in Yahoo overhaul

Yahoo chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China’s Alibaba Group and Yahoo Japan.

The corporation said it appointed former Rovi CEO and International Business Machines veteran Alfred Amoroso and ex-eBay chief operating officer Maynard Webb as independent directors.

Yahoo’s board has come under fire from investors impatient with the company’s persistent inability to effect a turnaround and frustrated with the apparent indecisiveness of stakeholders over how to handle investments in Alibaba and other prized Asian assets.