John Hayes to Retire From Yahoo Board of Directors

SUNNYVALE, Calif.--(BUSINESS WIRE)--

Yahoo! Inc. YHOO today announced that John Hayes, Executive Vice President and Chief Marketing Officer, American Express Company, has decided not to seek re-election to Yahoo's board of directors at the company's upcoming 2014 shareholder meeting in June.

“John brought enthusiasm, expertise, and energy to the Yahoo board. His insights into how to nurture our brand and implement our strategy have been invaluable,” said Yahoo CEO Marissa Mayer. “We greatly appreciate everything that John has contributed to Yahoo, and will miss his perspective and his leadership.”

“I have made the difficult decision to not seek re-election to the Yahoo Board. While I have tremendous confidence in the continued progress and success of Yahoo, I am unable to bring the time and focus I'd like to Yahoo, given my broad executive responsibilities at American Express. I look forward to continuing to offer my support both as a daily user and as a shareholder.”

Hayes joined the Yahoo board in April 2012, and currently chairs the Nominating & Corporate Governance committee. He will remain a member of the Yahoo board and will continue to chair the Nominating & Corporate Governance committee through the annual shareholder meeting.

Hayes has served as a member of the Yahoo board since April 2012. He has served as Executive Vice President of American Express Company since 1995 and Chief Marketing Officer since 2003, overseeing the company's marketing strategies and product development, as well as its global marketing, market research and publishing organizations. Prior to joining American Express, he was the President of Lowe & Partners, a leading brand and advertising firm, where he focused on the development of product positions and global campaigns for some of the world's top corporate brands. Hayes serves as a director of Keurig Green Mountain, Inc. and is a member of the Board of Regents of Seton Hall University.

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).