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Jerry Yang resigns from Yahoo!

Yahoo! co-founder and ex-CEO splits with web giant

Jerry Yang resigns from Yahoo!
Yang, who co-founded Yahoo! in 1995, has stepped down from the company's board.

Jerry Yang, co-founder of Yahoo! has resigned from the company board and all positions with the web giant.

Yang, who founded the company in 1995, has stepped down from his position on the board of Yahoo! and all other positions with the company.

Yang had been criticized during his term as CEO from 2007 to 2009, and the company has struggled with direction in recent years.

Yahoo! is currently underdoing a strategic review, headed by new CEO Scott Thompson, who took on the role two weeks ago.

In a company statement, Yang said: "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!"

Yang has resigned from the Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today.

Roy Bostock, chairman of the Yahoo! board commented: "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 endeavours."

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