Yahoo Inc. announced Monday that CEO Marissa Mayer, one of the highest-profile women in the predominantly male tech world, will resign once the company’s merger with Verizon Communications Inc. closes. Scott Budman reports.
Yahoo was officially acquired by Verizon Tuesday, ending an era for the one-time dot com wunderkind, NBC News reported.
And its CEO, Marissa Mayer, who has been one of the most high-profile female executives in Silicon Valley, wrote on her Tumblr that she'll be leaving the company.
"While reaching this moment has certainly been a long road traveled, it marks the end of an era for Yahoo, as well as the beginning of a new chapter — it's an emotional time for all of us," she said. "Given the inherent changes to my role, I'll be leaving the company."
An earlier company filing in the $4.48 billion deal revealed Mayer is receiving a $23 million golden parachute.
