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Yahoo's board says it is still backing Marissa Mayer and has 'complete confidence'

Alexei OreskovicDec 9, 2015, 21:53 IST

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Yahoo CEO Marissa Mayer has struggled to deliver the comeback investors expected for the internet company when she was hired more than three years ago, but the company's board of directors is not giving up on her.

During a conference call with analysts and investors on Wednesday morning, Yahoo Chairman Maynard Webb said the board has "complete confidence" in the company's leadership team.

In a interview on CNBC later on Wednesday, in which Webb appeared alongside Mayer, Webb re-iterated his faith in the CEO.

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