UPDATED 14:44 PM EST, December 13, 2012
SAN FRANCISCO (AP) — Yahoo is adding a new director and parting ways with two other board members in the latest shake-up of the Internet company's hierarchy.
PayPal co-founder Max Levchin joins Yahoo's board while Intuit CEO Brad Smith and Weather Channel CEO David Kenney step down.
The changes announced Thursday pare Yahoo's board to 11 directors. All but one of them, former accounting executive Sue James, have joined Yahoo's board this year.
