Billionaire investor Ron Burkle leaving Yahoo board
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Yahoo Inc. said Tuesday that billionaire investor Ron Burkle has decided not to stand for re-election to the Internet company’s board of directors.
Yahoo Chairman Roy Bostock thanked Burkle, saying that shareholders benefited from his counsel and insights. Burkle served on the board since 2001 and weathered with his colleagues the wrath of shareholders over the failed Yahoo/Microsoft merger in 2008.
‘It has been a great privilege to serve on Yahoo’s board,’ Burkle, managing partner of private equity firm Yucaipa Cos., said in a statement.
The Yahoo statement said the former grocery magnate would ‘devote more time to his other business interests.’
-- Jessica Guynn