Yelp Elects Its First feminine Chairwoman

Yelp now ranks among only a handful of tech companies to have appointed a lady to the role of chairperson. On Sunday, usa lately said that the opinions site had named its first chairwoman: Diane Irvine, who has been on Yelp’s board due to the fact 2011, is filling the spot left through the departure of PayPal cofounder Max Levchin, who resigned in July following an underwhelming 2d-quarter earnings report.

The transfer is in step with Yelp’s ongoing efforts to increase variety, which have included hiring a head of diversity and heavily recruiting female engineers. “We need to express that progress in the months and years beforehand all the way through the corporate and that would come with the board,” Irvine informed u.s.a. these days. it can be a particularly vital determination given that Yelp’s board has just two women.

although Levchin allegedly stepped down as chairman to center of attention on his lending startup affirm, Yelp’s July income name printed that the corporate has had bother attracting advertisers and has additionally put its sale aspirations on grasp. (The Wall side road Journal had suggested in may that Yelp was taking into consideration an acquisition.) the company’s inventory dropped with the aid of about 28% following the income call—and it hasn’t bounced back considering.

regardless of Yelp’s contemporary missteps, Irvine informed united states as of late that she thinks the corporate has “nice market share and still has tremendous opportunity at some point.” CEO Jeremy Stoppelman was once additionally positive about her appointment when he spoke to the newspaper: “She’s been an unflappable and absolutely engaged member of our board… and i’m delighted to peer her in this new and important role.”

[by means of VentureBeat]