Yahoo! Boss Jerry Yang Resigns

Yahoo!, a leading digital media company, has announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective Tuesday, Jan. 17.

In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective Tuesday. In a letter to the Yahoo! Board chairman Roy Bostock, Yang wrote:

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as chief executive officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.”

Yang co-founded Yahoo! Inc. in 1995 with David Filo and served as a member of the Board of Directors since March 1995 and as chief executive officer from June 2007 to January 2009. The company went public in 1996.

Photo courtesy: Yahoo!

Related posts:

Just 2 Percent Increase in Holiday Sales: Deloitte
Russian Market Getting Hotter with Chili’s Sizzle
LG Show Brings Coaches into Kitchen
Releasing the Royal Wedding Official Album
Lady Gaga’s Album Sells 2,000,000 Copies in a Week
United Airlines’ Dreamliner Getting Ready to Fly
World Records with Over 300-foot Water Jumps
Toyota’s New Sedan at the New York Auto Show
Security Talks to Deter North Korean Nuclear Threats
Feeding America Helps Solve Senior Hunger
Custom Content Services