/// Yahoo Exec Reses Joins Alibaba Board
Alibaba Group said that top Yahoo exec Jackie Reses had joined its board of directors, taking over a slot most recently held by the company’s former CFO Tim Morse and also previously held by Yahoo co-founder and former CEO Jerry Yang. Reses was named EVP of people and development in September , overseeing human resources and corporate development at the Silicon Valley Internet giant. The board of the Chinese e-commerce company, in which Yahoo still holds a large stake — about 23 percent fully diluted — after selling a multi-billion-dollar chunk recently , also included Alibaba’s top execs Jack Ma and Joe Tsai, as well as SoftBank’s CEO Masayoshi Son. Japan’s SoftBank also has a major investment in Alibaba. As part of the buyback agreement with Alibaba, Yahoo has relinquished the right to a second seat.
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Yahoo Exec Reses Joins Alibaba Board
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