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Yahoo nominates three new members to board

Published 17/04/2014, 00:11
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(Reuters) - Yahoo Inc, which posted anaemic first-quarter revenue growth, said it has nominated three new members to its board.

The three members include billionaire Charles Schwab, namesake chairman and chief executive of discount broker 1:SCHW.

The other two are David Filo and Lee Scott, the company said in a statement.

Filo, who is rejoining the board, co-developed Yahoo in 1994, the company said.

H. Lee Scott, Jr. served as president and chief executive officer of 1:WMT from 2000 to 2009, and as an executive officer and chairman of the executive committee of Walmart's board until January 2011.

(Reporting By Sampad Patnaik in Bangalore. Editing by Andre Grenon)

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