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Icahn joins Yahoo board as Kotick leaves, per deal

Wed Aug 6, 2008 12:37pm EDT
 
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SAN FRANCISCO, Aug 6 (Reuters) - Yahoo Inc's (YHOO.O: Quote, Profile, Research, Stock Buzz) board has named billionaire investor Carl Icahn as a director, while board member Robert Kotick has tendered his resignation as part of a previously announced deal with Icahn, the company said on Wednesday.

In a filing with U.S. securities regulators, the Internet company said Kotick had resigned following the company's Aug. 1 annual shareholder meeting and that Icahn had been named under a settlement deal that averted a proxy battle with a rival slate of board candidates led by Icahn. (Reporting by Eric Auchard; editing by John Wallace)

 

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