Jerry Yang, The Man Behind Yahoo Resigns Today, Yahoo Announces

Posted on Jan 18 2012 - 6:23am by Editorial Staff

Yahoo, the premier digital company, announced that co-founder Jerry Yang has resigned from its board of directors. Yang’s resignation comes shortly after the appointment of Scott Thompson as Yahoo’s new CEO.

“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 the company with David File in 1995 and served as a member of the Board of Directors since then and as Chief Executive Officer from June 2007 to January 2009. The Company went public in 1996.

“Jerry Yang is a visionary and a pioneer, who has contributed enormously to Yahoo! during his many years of service,” said Roy Bostock, Chairman of the Yahoo! Board. “It has been a pleasure to work with Jerry. His unique strategic insights have been invaluable. He has always remained focused on the best interests of Yahoo!’s stakeholders, including shareholders, employees and more than 700 million users. And while I and the entire Board respect his decision, we will miss his remarkable perspective, vision and wise counsel. On behalf of the Board, we thank Jerry and wish him all the very best in his future endeavors.”

Bostock concluded by saying that, “We appreciate Jerry’s comments and share his enthusiasm for the company’s prospects.

(Image Source: Jerry Yang, Yahoo logo)

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