Yahoo proposed three new directors to shore up its dwindling board, as chief executive officer Marissa Mayer continues to revamp the Web portal.
Yahoo said in a statement yesterday it will nominate co-founder David Filo, Charles Schwab Corp. Chairman Charles Schwab and former Wal-Mart CEO Lee Scott to its board.
Adding the three, who will be voted on at the annual meeting on June 25, would bring the number of directors to eight.
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