Marissa Mayer will venture down as Yahoo's CEO after the Verizon bargain closes



Marissa Mayer will be supplanted as Yahoo's CEO after Verizon's procurement of the organization closes, Yahoo declared in an administrative recording Monday.

Mayer will get a severance bundle worth about $23 million, the documenting says.

Hurray's new CEO will be Thomas J. McInerney, the previous CFO of IAC. Hurray's CFO Ken Goldman will likewise venture down after the deal closes. He'll be supplanted by Alexi Wellman. Wellman is right now Yahoo's worldwide controller.

Mayer and Goldman will keep on serving as CEO and CFO, separately, until the arrangement closes.

Beforehand, Yahoo, which will change its name to Altaba under Verizon, reported that Mayer would venture down from the organization's board after the deal to Verizon.

It's vague if Mayer will remain on at Yahoo in any way after she ventures down from the CEO part. Business Insider has connected with Yahoo for input.

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