Max Levchin has been many things in his long run in Silicon Valley — PayPal cofounder, Slide founder, angel investor, etc. etc. — but now he’s trying on something more traditional. He’ll be joining Yahoo’s board of directors, in the latest move by the storied web company to reinvigorate itself as a tech leader.
Two current members of the board will be stepping away, Intuit CEO Brad Smith and Weather Channel CEO David Kenny.
Yahoo CEO Marissa Mayer, who left Google to take over earlier this year, thanks the two in the official statement, noting their help with the Alibaba share repurchase deal. Interestingly, the release also provides a little more detail on Levchin’s stealthy new startup, HVF: “His latest undertaking, HVF, is focused on solving big problems and improving lives by extracting insights from the vast quantities of data around us.”
Meanwhile, as Dealbook notes in its scoop about the changes this morning, this is the fourth director change since activist shareholder Daniel Loeb joined in May. The others are tech and media consultant Michael J. Wolf and Harry Wilson, an investor and company restructuring expert.
Max Levchin the founder and CEO of Slide, which creates and distributes popular Web applications on Facebook, as desktop widgets, and elsewhere. He is also the chairman of local review site Yelp. Prior to Slide he was the co-founder and CTO of PayPal, which was sold to eBay for $1.5 billion in 2002.
Yahoo was founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang. It has since evolved into a major internet brand with search, content verticals, and other web services. Yahoo! Inc. (Yahoo!), incorporated in 1995, is a global Internet brand. To users, the Company provides owned and operated online properties and services (Yahoo! Properties, Offerings, or Owned and Operated sites). Yahoo! also extends its marketing platform and access to Internet users beyond Yahoo! Properties through its distribution network...
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