Yahoo agreed to add four new directors on Wednesday, following calls from activist hedge fund Starboard Value LP to overhaul the board.

Jeffrey Smith, Starboard’s chief executive and chief investment officer, will be joining Yahoo’s board of directors, in addition to as Tor Braham, Eddy W. Hartenstein, and Richard Hill.

Chief Executive Marissa Mayer called the agreement a “constructive resolution.”

“This constructive resolution will allow management and the board to keep our focus on our extremely important objectives.”

Ms Mayer is attempting to turnaround the struggling company, which has seen share price fall over 15 percent over the past year. Starboard Value are its largest shareholder, and recently raised questions as to the competence of the current board to get the company back on track.

27/04/2016