Dive summary:
- Max Levchin was appointed to the Yahoo board of directors, and David Kenny and Brad Smith both step down from the board immediately.
- Levchin is best known for being a co-founder of PayPal.
- Levchin brings strong mobile and app knowledge, according to Stifel Nicolaus analyst Jordan Rohan.
From the article:
... Mayer said in the statement that she has admired Levchin "throughout my career for his phenomenal sense for great products and keen focus on user experiences."
"I'm confident that his strong product and technology expertise will be a tremendous asset to Yahoo!," Mayer said in the statement.
