This spring, Japanese Web titan Yahoo! Japan appointed a new CEO and new board members — the first big change to its board since the company was founded 16 years ago.

The new executive quickly implemented changes that have led to faster decision-making and a more aggressive approach to business — things not seen in the company for years.

While Google and Facebook are competing for the position of No. 1 Internet company in most countries these days, Yahoo! is basically seen as a lame-duck, uncool brand. Yahoo! Japan, however, is still the largest and the most powerful Web company in the country.