Industry Moves, Hires: Yahoo, Collective, ContextWeb
ADOTAS – Robert Kotick, Yahoo Inc.’s director, will resign after the company’s annual meeting Aug. 1 in compliance with the settlement the Internet pioneer recently made with activist investor Carl Icahn. Kotick, CEO of Activision Blizzard, had already announced that he wouldn’t run for re-election.
In a filing today with securities regulators, Yahoo officially said it will expand its board from 9 to 11, making room (with Kotick’s leave-taking) for Icahn and two of his hand-picked candidates. To remain on the board, Ichan must own at least 30 million shares of Yahoo.
In other industry news, Collective Media announced the expansion of its national sales force in Chicago and Detroit. The online advertising network brought Jeffrey Dillman on board as a regional sales director in Chicago; he hails from Tribal Fusion / Exponential Interactive. David Terski joins as an account executive responsible for Detroit; previously, he was an account executive for Tribune Interactive.
ContextWeb, a contextual ad company, has announced that Chip Meakem has joined its advisory board. Meakem is a general partner at Kodiak Venture Partners.
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