Yahoo CEO Marissa Mayer is planning to step down the board once its merger with Verizon Communications Inc. closes. One of the highest-paid women in the predominantly male tech world- Marissa initially wanted to continue as the CEO.
In a letter to Yahoo employees that Mayer posted on Tumblr, she said: “I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.”
However, as per a recent report, co-founder David Filo and Mayer will leave once Verizon takes control of Yahoo’s operating business. Besides, four other members are also resigning from the company.
Yahoo announced the board shakeup in a regulatory filing on Monday. It also mentioned that chairman Maynard Webb will also be leaving the company. Telecom giant Verizon announced in July that it would acquire Yahoo’s web portal for $4.8 billion. The company aims at beefing up its online and mobile ad businesses.
In the filing, Yahoo said that the board resignations are “not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.”
Yahoo to be rename and CEO Marissa Mayer would step down from the board after the closing of its deal with VZ.Nhttps://t.co/sE1e84oEEP
— News18 (@CNNnews18) January 10, 2017
Marissa Mayer Net Worth
Marissa’s resignation has brought everyone’s attention to her attention. The world has its eyes on this highly-paid CEO and her next move.
The 41-year-old was on rank 55 in Forbes Power Women (2016) list and on rank 22 in 2015. She acquired rank 33 among America’s Self-Made Women (2016).
For those of you wondering how this lady will manage after resigning from the company, here is a look at her net worth. Marissa Mayer net worth is about $430 million according to Forbes.
Moreover, she would reportedly get around $55 million in severance benefits assuming the termination didn’t fault her. That would include $3 million in cash and nearly $52 million for stock options.
Mayer currently owns approx. 1.3 million shares in Yahoo. This amount excludes options and restricted stock units, 0.14% of outstanding shares.