Internet giant Yahoo! has appointed PayPal co-founder, serial entrepreneur, angel investor and computer scientist Max Levchin to its board of directors, effective immediately. David Kenny and Brad Smith have stepped down from the board to focus on their respective companies.
There are now 11 directors on the Yahoo! board.
Levchin has extensive experience building internet companies. He had also served as CTO of PayPal and vice-president of engineering at Google, and not only incubated Yelp but is its first investor. He also serves as chairman of the board at Kaggle and Yelp, and is a director at Evernote.
His latest venture, HVF, is ‘focused on solving problems and improving lives by extracting insights from the vast quantities of data around us,’ Yahoo! said in a statement.
Yahoo! CEO Marissa Mayer said Levchin is someone she has admired throughout her career for “his phenomenal sense for great products and keen focus on user experiences.
“I’m confident that his strong product and technology expertise will be a tremendous asset to Yahoo! as we work to transform the world’s daily habits,” Mayer added.