Tech blog

DETHRONED Yahoo chief executive Terry Semel left the struggling internet robust’s board of directors today.

Mr Semel’s departure comes just two days after Yahoo revealed plans to charge off 1000 employees as part of an effort to revitalise a company that analysts say strayed from its profitable strengths while Mr Semel was at the helm.

Yahoo co-founder Jerry Yang replaced Mr Semel as chief executive in June to shore up the California firm’s profits and stock price.

Mr Semel was relegated to a post as non-executive chairman of the Yahoo board.

Yahoo announced that today would be Mr Semel’s last day on the board of directors. Mr Semel told Yahoo executives several months ago that he wanted to leave the board and worked with Yang and others to find a replacement.

Board member Roy Bostock is replacing Mr Semel as non-executive chairman.

"It has been an honour for me to operate with Yahoo’s incredibly talented people over the past seven years, and I’m proud of all that we’ve expert during that time," Mr Semel said in a statement.

"With the company moving forward under new predominance, I put faith in this is an appropriate note the rate of for me to step down from the board."