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Yahoo Nominates Dr. Jane E. Shaw, Ph.D. To Board Of Directors

Yahoo! Inc. (NASDAQ: YHOO) today announced the nomination of Dr. Jane E. Shaw to the company's board of directors. Shareholders will vote on the nominees, including Dr. Shaw as well as David Filo, Charles R. Schwab and H. Lee Scott, Jr, at the company's annual meeting of shareholders on June 25, 2014.

"I’m delighted at the prospect of Dr. Shaw joining the Yahoo board,” said Marissa Mayer, CEO of Yahoo. “I greatly respect Dr. Shaw's business acumen and personally admire the passion and contributions that she has brought to science and technology. She would make an exceptional addition to the board as we work to accelerate Yahoo's positive momentum.”

“Dr. Shaw possesses an impressive depth of relevant knowledge that stems from her many years serving on the boards of public companies,” said Maynard Webb, chairman of the board at Yahoo. “Her extensive leadership experience should greatly enhance our board’s ability to provide thoughtful counsel and would contribute significantly to the continued growth and success of Yahoo.”

"I am delighted to have the opportunity to contribute my operational and board experience to the activities of Yahoo, and look forward to working with the board and the management team at this interesting time," said Dr. Shaw.

Jane E. Shaw, Ph.D. served as a member of the board of directors of Intel Corporation, from 1993 to 2012, and served as its non-executive Chairman of the board from 2009 to 2012. From 1998 to 2005, Dr. Shaw served as the Chairman and Chief Executive Officer of Aerogen, Inc., a company specializing in the development of products for improving respiratory therapy. Dr. Shaw joined the ALZA Corporation, a specialty pharmaceutical company that focused on novel ways of delivering medications to the body, as a research scientist in 1970; she remained with the company for 24 years, serving as President and Chief Operating Officer from 1987 to 1994. She is also a member of the boards of directors of McKesson Corporation and several private and non-profit entities.

About Yahoo

Yahoo is focused on making the world’s daily habits inspiring and entertaining. By creating highly personalized experiences for our users, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo is headquartered in Sunnyvale, California, and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net) or the Company's blog (yahoo.tumblr.com).

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