Marissa Mayer is not taking it slowly: the attrition rate at Yahoo’s board is really blinding. Most recent is the announced departure of Alfred Amaroso, the chairman, who assumed the role 14 months ago. Yahoo has appointed another director, Maynard Webb Jr, former CEO on LiveOps, as interim chairman.
Mr. Amoroso and Mr. Webb joined Yahoo’s board 14 months ago when four longtime directors stepped down under shareholder pressure. Yahoo’s co-founder, Jerry Yang, started the exodus when he left the board a month earlier. Finally, late last year, Intuit’s chief executive, Brad D. Smith and the Weather Channel’s chief executive, David Kenny, stepped down.
A former accounting executive, Sue James, is now Yahoo’s longest-serving director. She came on board three years ago. The other directors, including Yahoo’s chief executive, Marissa Mayer, have been appointed since February 2012.
The rapid turnover probably suits Ms. Mayer, who has been trying to infuse Yahoo with new talent and ideas since she defected from a longtime job at Google to tackle the challenge of turning around one of the Internet’s best-known companies.
I’m betting that once the dust settles, the average age of a Yahoo board member will have dropped a few decades, and the gender ratio will shift. Right now, the only women are Mayer and James.