Yahoo Chairman Announces His Resignation

Chairman of Yahoo Fred Amoroso has announced to Resign on Immediate basis,He announced on Thursay.

Director of Yahoo Maynard Webb Jr. Decided to make Amoroso the new chairman of Yahoo until the annual shareholder meeting that’s going to be held on June 25.

Amoroso Used to be the former IBM Corp executive,will be working as the chairman of yahoo till the meeting held on 25 June.

Shares of Yahoo, which have surged roughly 60 percent since Mayer became CEO, were down 8 cents to $25.12 in afterhours.