Alibaba’s board seat

Yahoo! has picked CFO Tim Morse to fill the Alibaba Group board seat vacated by co-founder Jerry Yang, who resigned in January.

Yahoo!, which owns 40 percent of Alibaba, has the right to appoint two directors but traditionally only picks one to represent its stake in the Asian e-commerce company.

Yahoo! has considered selling a portion of its stake in Alibaba but negotiations stalled amid Yahoo!’s recent management shake-up.

Morse also served as Yahoo!’s interim chief executive after the firing of Carol Bartz. In January, the company hired Scott Thompson as permanent CEO.