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.