Yahoo! chief executive Marissa Mayer is among six directors who plan to leave the board of the investment company that will be left in the event that the proposed sale of Yahoo's main internet properties to Verizon Communications closes.
The new company, which will be a shareholder in Alibaba Group Holding and Yahoo! Japan, will change its name to Altaba and reduce its board to five members as it looks ahead to its next chapter with fewer ties to the iconic brand, according to a filing on Monday.
