Yahoo adds four Starboard nominees to its board
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A man walks past a Yahoo logo during the Mobile World Congress in Barcelona, Spain February 24, 2016.
Reuters/Albert Gea
Yahoo Inc (YHOO.O) on Wednesday agreed to add four new independent directors to its board, bowing to pressure from activist hedge fund Starboard Value LP.
Yahoo said Starboard Chief Executive Jeffrey Smith along with Tor Braham, Eddy Hartenstein, and Richard Hill would join its board immediately.
(Reporting by Rishika Sadam in Bengaluru; Editing by Savio D’Souza)