President Of Akamai To Join Yahoo’s Board Of Directors
Heads up, Yahoo watchers. On April 1st, the company’s board of directors will undergo a change, with longtime board member Eric Hippeau resigning his post. David Kenny, the president of Akamai, will then join the group.
To first give some info on the departing member: Hippeau’s been on Yahoo’s board of directors since 1996. He’s also served as CEO of the Huffington Post since 2009. Now, however, he’s leaving behind both positions to join Lerer Ventures.
As for Kenny, his resume includes stretches at VivaKi, Publicis Groupe, Digitas, Bain & Company, and General Motors, which is rather impressive. He also got a degree from Harvard.
Everyone’s been eager to show their support, too. Hippeau himself said in a statement, "David Kenny is a phenomenal leader in the digital media space and moving forward he will be a tremendous addition to Yahoo!’s Board."
Roy Bostock, Chairman of Yahoo’s Board of Directors, then added, "David is a transformative figure in the industry. His unique background and track record in media, advertising, and technology will add significant value to Yahoo!’s Board."
Yahoo’s stock is up 1.10 percent this morning (even as the Dow and Nasdaq are down 0.29 percent and 0.23 percent, respectively), perhaps signaling that shareholders agree with those assessments.