Complex sentence: It will have three seats on the seven-member board of directors, including former majority owner Istithmar World, new investor Yucaipa Companies, and Barneys's current C.E.O. Mark Lee.
Split into simpler sentences: It will have three seats on the seven-member board of directors. Also on the board will be former majority owner Istithmar World, new investor Yucaipa Companies, and Barneys's current C.E.O. Mark Lee.