Thursday, March 10, 2016

Yahoo Taps Former Broadcom CFO For Board, As It Mulls Sale

Yahoo! said Thursday that it has named two new, independent directors--including Eric K. Brandt, former CFO of Broadcom--as it looks to explore strategic alternatives for the company. Yahoo said that it added both Brandt and Catherine J. Friedman, a former Managing Director at Morgan Stanley, as part of its efforts to refine its strategy and explore strategic alternatives for the company. Brandt was the Chief Financial Officer of Broadcom up until its acquisition by Avago in February, and also had been President and CEO of Avanir Pharmaceuticals and CFO of Allergan, and also had served at The Boston Consulting Group, among other positions. He also sits on the boards of Lam Research and Dentsply Sirona. Friedman spent over 23 years at Morgan Stanley, and also sits on the boards of XenoPort, EnteroMedics, GSV Capital, Innoviva, and Radius Health.