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) 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)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
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