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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Berkshire buyback seen clashing with estate tax push 12 Dec 2012 Russia says Syrian rebels might win | 3:42pm EST Insight: How Republicans engineered a blow to Michigan's powerful unions 8:29am EST Florida nears 1 million permits for concealed weapons 12 Dec 2012 For North Korea, next step is a nuclear test | 10:04am EST Discussed 100 ”Fiscal cliff” talks down to Obama and Republican Boehner 81 Protesters to march on Michigan capitol over ”right-to-work” vote 80 Obama says he’s ready to work with Republicans to avoid ”fiscal cliff” Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Handmade eyeballs A German ocularist produces individual glass-blown human eye prostheses for people who have lost an eye. Slideshow Syria's displaced animals A look at animals caught in the crossfire of the Syrian civil war. Slideshow Sponsored Links Yahoo nets PayPal co-founder in boardroom shake-up Tweet Share this Email Print Related News Yahoo CEO Mayer revamps email in first big product move Tue, Dec 11 2012 Actress Jennifer Lawrence named 'most desirable' woman Tue, Dec 11 2012 Exclusive: Google to replace M&A chief Fri, Dec 7 2012 Yahoo acquires video chat startup company Tue, Dec 4 2012 Former Autonomy CEO seeks details from HP board on accounting allegations Tue, Nov 27 2012 Related Topics Tech » By Alexei Oreskovic SAN FRANCISCO | Thu Dec 13, 2012 2:19pm EST SAN FRANCISCO (Reuters) - Yahoo Inc said that two of its directors have resigned immediately and that PayPal co-founder Max Levchin has been appointed to the board, the latest change to the struggling Internet company under new chief executive Marissa Mayer. The changes come five months after Mayer, a former Google Inc executive, took the top job, and complete a boardroom transformation that began in May when activist investor Dan Loeb settled a bitter proxy fight with Yahoo. Intuit Inc Chief Executive Brad Smith and the Weather Channel's CEO, David Kenny, have both decided to step down from Yahoo's board effective immediately, Yahoo said in a statement on Thursday. An Intuit spokeswoman said that Smith, a board member since 2010, had notified Yahoo that he decided not to stand for re-election because he wanted to focus on his role leading Intuit, a tax and financial services software company. Kenny did not return calls for comment. Levchin's background in technology and product development will be a boon to Yahoo, Mayer said in a statement. "Max is someone I've admired throughout my career for his phenomenal sense for great products and keen focus on user experiences," she said. Mayer has moved to revitalize Yahoo's various Web products and reverse years of declining revenue since becoming CEO in July. Google's first female engineer, Mayer is widely admired in Silicon Valley for her Web product savvy, though some analysts and investors have expressed caution, noting that Mayer has never before led an entire company as CEO. Shares of Yahoo were up 4 cents at $19.42 on Thursday afternoon on the Nasdaq. The boardroom changes were first reported by the New York Times on Thursday. (Additional reporting by Jim Finkle in Boston; editing by Matthew Lewis) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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