CEO of Yahoo Marissa Mayer participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California on November 3, 2015. Image Credit: ReutersMedia
CEO of Yahoo Marissa Mayer participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California on November 3, 2015. Image Credit: ReutersMedia

After US-based Telecommunication firm Verizon Communication closed a USD$4.5 Billion acquisition of Yahoo Inc., its former President and CEO Marissa Mayer resigned on Tuesday June 13th, 2017 with a netting payout of USD$23 million (Roughly 82.501 Billion UGX) – after running the Sunnyvale-based internet firm since July 2012. This follows after earlier this year in January, when it was announced that she would step down from the company’s board upon the sale of Yahoo’s operating business to Verizon.

“Given the inherent changes to Marissa Mayer’s role with Yahoo resulting from the closing of the transaction, Mayer has chosen to resign from Yahoo. Verizon wishes Mayer well in her future endeavors,” Verizon said in a statement, TechCrunch reports.

Mayer who was once a long-time executive, usability leader, and key spokesperson for Google, according to reports by the Business Insider UK – said she’s looking forward to using Gmail again. She worked at Google for over 13 years, leading several products such as search and Gmail.

At a conference in London, Mayer said one of the things she was looking forward to in her post-Yahoo life was using Gmail again, adding that she was faster at using tools she had designed herself.

Because Mayer said she’s looking forward to using Gmail again, in her tweet said “I will continue to use the excellent Yahoo Mail too. The team’s hard work paid off with a dramatically better product.”

Editor’s Note: Mayer is not only a job-free woman, she is also no longer bound to Yahoo’s product portfolio.