Yahoo appoints Vyomesh Joshi to board

By agencies   |   Friday, 29 July 2005, 07:00 Hrs
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NEW YORK: Yahoo Inc appointed Vyomesh Joshi, Executive Vice President of Hewlett Packard's Imaging and Printing Group to the company’s Board of Directors.

Joshi's outstanding reputation, deep understanding of technology and long-standing leadership at HP will be a tremendous asset to our team and Yahoo!'s long-term growth goals," said Terry Semel, Chairman and CEO of Yahoo!.

"He brings an abundance of knowledge and business experience to Yahoo! from having held a number of management positions at one of the world's largest and most established organizations."

Under Joshi's leadership, the Imaging and Printing Group grew from $19.6 billion in fiscal year 2001 to $24.2 billion in 2004, while the operating profits growth from 10.7 percent to 15.9 percent, respectively.

In his position, Joshi is responsible for all worldwide printing, scanning and digital camera platforms at HP.

"I am proud to be joining a board that has a track record for setting today's technology standards and is constantly raising the bar for the future of our industry," said Joshi.

"I look forward to contributing to an innovative organization that is changing the way the world interacts with the Internet."

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