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Marissa Mayer to Leave Yahoo Board; Yahoo to Change Name to Altaba

Moves will come after $4.8 billion sale to Verizon

Yahoo Chief Executive Marissa Mayer will step down from the board of directors after the core internet business is sold to Verizon, while what remains of the company will be renamed Altaba. Photo: EPA
Updated Jan. 10, 2017 9:53 a.m. ET
Yahoo Inc. said Monday it will whittle down its board after completing its deal with Verizon Communications Inc., and several longtime directors, including Chief Executive Marissa Mayer and co-founder David Filo, will step down as directors. After the sale of its core internet business, the company will change its name to Altaba Inc. from RemainCo, Yahoo said in a regulatory filing. Altaba’s remaining assets include Yahoo’s stake in...

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