Yahoo boardroom turmoil continues: 4 directors to step down

Four longtime Yahoo board members, including the chairman, are leaving the company, as the embattled online media giant aims to turn around its fortunes with a new team at the helm.

In a letter to shareholders this week, Yahoo! chairman Roy Bostock said he and three other directors are to step down. The other exiting board members are Vyomesh Joshi, Arthur Kern and Gary Wilson.

The four directors will not seek re-election at the next Yahoo shareholders' meeting, which has not yet been scheduled but is typically held sometime in the spring. The departures stemmed from board discussions about "why Yahoo! was not meeting either our own expectations or those of our shareholders," Bostock wrote.