Yahoo Chairman Fred Amoroso Resigns

Yahoo chairman of the board Fred Amoroso has resigned from his post. News of Amoroso’s departure was announced by Yahoo on Thursday evening.

Amoroso took over the Yahoo chairman position at the same time Ross Levinsohn was appointed as the tech firms interim CEO. Later Fred would go on to lead the team that investigated the fake job credentials of former Yahoo CEO Scott Thompson.

The chairman also played a part in the hiring of current Yahoo CEO and former Googler Marissa Mayer.

In a public statement, Marissa wished Fred Amoroso all the best:

“Fred has been a wonderful chairman for Yahoo! over the past year, and I’m personally grateful for his trust and guidance as I took on the role as Yahoo! CEO. Fred’s mentorship and perspective has proved truly valuable to me in my first few months here at Yahoo!.”

In his exit statement, Amoroso said his goal from the very beginning was to serve as the Chairman of the Board for one year. Amoroso says he simply wanted to help steer Yahoo through its transitional period and the hiring of Mayer.

Amoroso will officially step down from the board of directors on June 25.

Replacing Amoroso in the interim will be Maynard Webb, Jr. Before jumping over to the Yahoo team, Webb served as CEO of LiveOps and the COO of eBay.

News of Amoroso’s departure did not seem to both investors as Yahoo shares continued to remain flat in after hours trading.

Are you surprised by Fred Amoroso’s departure from Yahoo?