Marissa Mayer will step down as Yahoo's CEO after the Verizon deal closes
Mar 13, 2017, 19:46 IST
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Mayer will receive a severance package worth about $23 million, the filing says.
Yahoo's new CEO will be Thomas J. McInerney, the former CFO of IAC. Yahoo's CFO Ken Goldman will also step down after the sale closes. He'll be replaced by Alexi Wellman.
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Mayer and Goldman will continue to serve as CEO and CFO, respectively, until the deal closes.
Previously, Yahoo announced that Mayer would step down from the company's board after the sale to Verizon.
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