Dive summary:
- Yahoo chairman Fred Amoroso has announced he is leaving his post, not quite one year from his appointment.
- The departure has started some speculation that his leaving is a signal to more trouble at Yahoo, but Amoroso claims it was his intention from the start to only serve one year with the company.
- Amorosa join Yahoo, from eBay, during a tumultuous time when former chairman Roy Bostock has stepped down and former CEO Scott Thompson was ousted.
From the article:
"'I'm very grateful and proud of the progress Yahoo has made over the past year,' said Amoroso. 'When I took the position as chairman, I told the board that my intention was to serve for one year, in order to help Yahoo during a critical time of transformation. In that time, Yahoo! hired a great new CEO, brought on a fantastic management team, revitalized the employee base, and has begun to release top notch new products. With Marissa at the helm and the leadership team in place, this is a natural time for me to transition off the board, consistent with what I said a year ago.'"
