Steve Kovach March 13, 2017 at 07:14AM
Marissa Mayer will be replaced as Yahoo's CEO after Verizon's acquisition of the company closes, Yahoo announced in a regulatory filing Monday.
Mayer will receive a severance package worth about $23 million, the filing says.
Yahoo's new CEO will be Thomas J. McInerney, the former CFO of IAC. Yahoo's CFO Ken Goldman will also step down after the sale closes. He'll be replaced by Alexi Wellman.
Mayer and Goldman will continue to serve as CEO and CFO, respectively, until the deal closes.
Previously, Yahoo announced that Mayer would step down from the company's board after the sale to Verizon.
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Marissa Mayer will step down as Yahoo's CEO after the Verizon deal closes (YHOO, VZ) from Business Insider: Steve Kovach
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