Marissa Meyer said she won’t step down from Yahoo following Alibaba shakeup

Yahoo chief Marissa Mayer said she “has no intention of stepping down” from her leading role following the company’s announcement that it will roll its core internet assets into a new listed entity.

The company announced on Wednesday that it has scrapped plans to spin off its $32bn stake in e-commerce giant Alibaba, something that Mayer had planned to do so she could focus on Yahoo’s core business.

Instead, it will spin off its internet properties, which include things like Tumblr, Yahoo Finance and email.

Mayer said to the Financial Times: “I’m very proud of the accomplishments we have made and there’s a lot more I’d like to see done here. So I have no intention of stepping down.”

She joined Yahoo in 2012 in an attempt to give the struggling internet giant a boost in the face of competitors like Google and Facebook.