PayPal co-founder joins Yahoo! board as two seats empty

By Agence France-Presse
Friday, December 14, 2012 7:14 EDT
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Max Levchin via AFP
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Yahoo! shook up its board of directors on Thursday, giving a seat to PayPal co-founder and former Google executive Max Levchin and bidding farewell to two of its members.

Levchin’s arrival on the Yahoo! board came with the departure of Intuit chief executive Brad Smith and David Kenny, head of The Weather Channel Companies.

Smith and Kenny are stepping down to “focus on their respective companies” and the Yahoo! board will have 11 members, according to the Sunnyvale, California-based company.

“Both David and Brad played critical roles in bringing me to Yahoo!, so I’m especially grateful for the opportunity and trust they’ve placed in me,” said Marissa Mayer, a Google veteran who took the Yahoo! helm in July.

“They also oversaw some of Yahoo!’s most significant transactions, including the recent Alibaba repurchase agreement.”

Levchin is a computer scientist turned serial entrepreneur and angel investor who has seats on boards at crowd-sourced analytics firm Kaggle; business reviews website Yelp; and online note service Evernote.

“Max is someone I’ve admired throughout my career for his phenomenal sense for great products and keen focus on user experiences,” Mayer said in a release.

“I’m confident that his strong product and technology expertise will be a tremendous asset to Yahoo!.”

Levchin served as chief technology officer at online financial transactions service PayPal after it was acquired by eBay and went on to be a founder of digital media sharing service Slide, which Google bought in 2004.

He worked for a time as a vice president of engineering at Google after the Internet giant acquired Slide.

His latest company, HVF, is focused on drawing useful insights from the vast amounts of data available in the Internet age.

Agence France-Presse
Agence France-Presse
AFP journalists cover wars, conflicts, politics, science, health, the environment, technology, fashion, entertainment, the offbeat, sports and a whole lot more in text, photographs, video, graphics and online.
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