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
- AIDA64 developers spill the beans on NVIDIA's full Pascal line up
- Foxconn has replaced more than half its workers with robots
- Usernames, media won't count toward Twitter character limit soon
- Wooting one analog mechanical keyboard hits Kickstarter
- Next-gen 4K-ready Xbox coming in 2017, could sport external GPU
- PC won't boot - it trys, all fans run for approx 5 secs then shut down and start again!
- Corsair LAPDOG Gaming Control Center Review
- Fitbit Alta Fitness Wristband Review
- Does this look like a good and compatible setup/buy?
- Error on GA-Z170X-Gaming 7, config HDD RAID w/M.2 boot drive
- Samsung Electronics expands 750 EVO SSD with worldwide availability and increases capacity to 500GB
- Free public gamer event E3 Live to debut in Los Angeles
- Cryorig teases two new cases bound for Computex 2016
- Toshiba launches the OCZ RD400 NVMe SSD series
- Colorful & Bykski announces first water block for GTX 1080 Founders Edition