China’s biggest e-commerce company, Alibaba, has just announced that Yahoo’s (NASDAQ:YHOO) Jacqueline Reses has joined Alibaba Group’s board of directors. After this summer’s partial stake buy-back by the Chinese firm, Yahoo still owns approximately 23 percent of Alibaba.
Reses joins founder Jack Ma, CFO Joe Tsai, and Softbank’s (TYO:9984) Masayoshi Son as one of four directors on the board. She takes the seat of Yahoo’s Tim Morse at the table.
Ma said in today’s announcement:
[This] underscores Alibaba’s strong relationship with Yahoo. We are pleased to welcome such an experienced and respected executive like Jackie, who brings a wealth of strategic insight and operating experience to the Alibaba board.