Almost a year after Yahoo appointed Fred Amoroso as chairman, the portal announced on Thursday that he has resigned the position and will step down from the board after his current term ends on June 25. Former eBay COO Maynard Webb Jr., who joined Yahoo’s board in February 2012, will take over as interim chairman.
The news could be painted as a signaling more trouble atop Yahoo—Amoroso took the seat after then-chairman Roy Bostock stepped down at the time of CEO Scott Thompson’s ouster (Ross Levinsohn, CEO of Adweek's parent company Guggenheim Digital Media, replaced Thompson as interim CEO)—but Amoroso said in a statement that he never intended to serve longer than a year and sang the praises of CEO Marissa Mayer whose hiring he oversaw.
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