Longtime Yahoo board member Ron Burkle, who has served as a director for the Internet company since November 2001, plans to step down so that he can pursue other business interests, the company said.

His departure follows two other Yahoo directors, Carl Icahn and Maggie Wilderotter, who have left in the past four months. The changes come as Yahoo struggles to redeem itself from a three-year financial slump.

Burkle has not served on the board with controversy. Nearly 38 percent of Yahoo's voting shareholders opposed Burkle's re-election to the board in 2008 for sitting on a compensation committee that approved a wide-ranging employee severance plan following a takeover bid from Microsoft. Many shareholders perceived the severance plan as an attempt to shoo away Microsoft by driving up the potential cost of an acquisition.