Yahoo Co-Founder Nominated To Company's Board After 18-Year Absence
The 47-year-old Filo is among three board candidates hoping to be elected at Yahoo's annual meeting scheduled for June 25. Yahoo Inc. disclosed the candidates to fill recently vacated positions in a regulatory filing Wednesday.
The other nominees to the board are Charles Schwab, the founder of a stock brokerage that still bears his name, and H. Lee Scott Jr., the former CEO of Wal-Mart Stores Inc. Yahoo Inc. CEO Marissa Mayer is on Wal-Mart's board.
Filo started Yahoo with Jerry Yang in a trailer while they were Stanford University graduate students in 1994. Although he gave up his seat on the company's board in 1996, Filo has remained among Yahoo's largest shareholders.
Copyright (2014) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.