Yahoo, the nearly three-decade-old internet brand, is adding six new members to the privately held company’s board, including actress and entrepreneur Jessica Alba.
Verizon Media sold Yahoo last year for $5 billion to private equity firm Apollo Group, while the telecommunications company retained a 10% stake. The company has hired former Tinder and CBS exec Jim Lanzone as CEO.
Joining Lanzone and representatives from Apollo and Verizon on Yahoo‘s board are: Alba, founder and chief creative officer of mission-driven consumer products company The Honest Co.; Aryeh Bourkoff, founder and CEO of investment bank LionTree; Cynthia Marshall, CEO of the Dallas Mavericks, owned by Mark Cuban; Fouad ElNaggar, co-founder and CEO of Array; Michael Kives, Founder and CEO of K5 Global; and Katie Stanton, founder and general partner of Moxxie Ventures, who was previously a senior executive at Twitter, Google, Yahoo and Color.
“As we enter a new era of Yahoo, building a powerful board with strategic knowledge of diverse industries will drive growth, innovation and scale,” Lanzone said in a statement. communicated. “The intersection of media, technology, product and content is more relevant than ever and this board represents the best minds in these categories.”
In a statement, Yahoo Chairman Reed Rayman said, “We are delighted to welcome such high caliber executives to Yahoo’s Board of Directors, which we view as a testament to Yahoo’s leadership in delivering seamless consumer products and digital media solutions at unparalleled scale. and the opportunities available to us.
Yahoo says it reaches an audience of nearly 900 million people worldwide. Besides Yahoo Finance, its brands include AOL, Engadget, TechCrunch, Yahoo Sports, Yahoo Finance, Yahoo Fantasy and Yahoo Mail.