The California-based company, in a compromise with activist investor Daniel Loeb, said Fred Amoroso would take charge of the board of directors as the struggling Internet pioneer seeks its sixth new chief in as many years. "Yahoo! has been struggling over recent years and this new incident only makes matters worse for the company," said technology industry analyst Jeff Kagan.u00a0

"Yahoo! rode the wave up during the last decade, but during the last several years has crossed over the top and has been heading down the other side." The changes are part of a settlement with Loeb's hedge fund Third Point, which is waging a proxy battle at the Sunnyvale, California-based firm.