By Harrison Westwater, Wendy Brundige & Brian Womack
Yahoo! Inc. (YHOO) is appointing Maynard Webb as chairman, people with knowledge of the decision said, as Chief Executive Officer Marissa Mayer continues a turnaround effort of the Internet company.
Webb, who joined Yahoo’s board in February 2012, was serving as interim chairman after then-chairman Fred Amoroso resigned in April. The people asked not to be identified because the information was private.
“Maynard Webb’s leadership and guidance have been an invaluable part of our board since he joined it in 2012,” said Anne Espiritu, a spokeswoman for Yahoo. “We are honored that Maynard will continue to serve as Chairman of the Board.”