Yahoo! Inc. (NASDAQ: YHOO), the premier digital media company, today announced that Jerry Yang has resigned from its 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.
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.
"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, "We appreciate Jerry's comments and share his enthusiasm for the company's prospects. With Scott Thompson leading an outstanding team of Yahoos to deliver innovative products and an engaging customer experience, Yahoo!'s future is bright."
"I am grateful for the warm welcome and support Jerry provided me during my early days here," said Scott Thompson, Yahoo!'s Chief Executive Officer. "Jerry leaves behind a legacy of innovation and customer focus for this iconic brand, having shaped our culture by fostering a spirit of innovation that began 17 years ago and continues to grow even stronger today. Jerry has great confidence in the future of Yahoo!, and I share his confidence in the enormous potential of Yahoo! in the days ahead."
Latest News Posts
- 5 Ways This Free Course Can Help You Make Money Trading
- Facebook has a crazy number of members: 1.49B monthly users
- New Mission Impossible movie features triple-screen Halo 5 on Xbox One
- Amazon Prime scores an exclusive 'all-new car show' with Top Gear trio
- NVIDIA and AMD release new drivers for Windows 10
- Amped Wireless TAP-EX2 AC750 Wireless Range Extender Review
- ASRock 970M Pro3. Search for BIOS setup Info.
- Win10 - Unknown USB device (Device Descriptor Request Failed) - Z68X-UD3-B3
- Windows 10 drivers for G1.Assassin 2 on Gigabyte site are for the wrong product
- Kingston HyperX Cloud Core Gaming Headset Review
- Dell Starts Shipping Windows 10 Devices
- Intel and Micron Produce Breakthrough Memory Technology
- Acer Announces Its Windows 10 Powered PC Line
- MSI Ships Gaming Notebooks with Windows 10
- MAINGEAR Arms Acclaimed Gaming Powerhouses with Windows 10