Yahoo Inc. announced Monday that CEO Marissa Mayer, one of the highest-profile women in the predominantly male tech world, will resign once the company's merger with Verizon Communications Inc. closes, NBC News reported.
When Verizon announced the $4.8 billion deal in July, Mayer said she intended to continue as CEO.
But in a brief filing Monday with the Securities and Exchange Commission, Yahoo said Mayer and company co-founder David Filo will leave once Verizon takes control of its operating business. Four other board members are leaving with Mayer and Filo, according to document.
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However, the Verizon deal has been jeopardized by Yahoo's recent discovery of two separate hacking attacks that stole personal information from more than 1 billion user accounts.