In an attempt from Yahoo current board and the CEO Jerry Yang to contain the mutiny amongst the shareholders for the failure of $47.5 billion takeover deal with Microsoft, The board postponed Yahoo annual meeting from the 3rd of July to the end of July.Yahoo board claimed this the delay gives the board more time to review documents and evaluate the situation after Icahn filling a request to replace the current board.

And as if the situation wasn’t a nightmare for the current board and can never get darker the worst occurred, It seems that mutiny is coming from inside the board itself.On Friday, Yahoo announced that Ed Kozel a board member for almost 8 years has decided to depart.

Ed Kozel has stated that he decided to leave as he needs to give his family more time and he is considering to relocate with his family to Europe and this was his “only” reason for departing.

With Kozel departure ,Yahoo has moved to reduce the board number from 10 to 9 members cornering Icahn in a situation where he has to give up one of his alliances in the new board. Guess who will be the lucky Loser.

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Tags: ed kozel, Icahn, Yahoo, yahoo board