SUNNYVALE, CALIF. — Yahoo co-founder and former chief executive Jerry Yang has resigned from the Internet company’s board of directors and will no longer be a part of the company in any fashion, Yahoo announced Tuesday.
In a news release, Yahoo said Yang would resign from the board “and all other positions with the company,” including his title as “Chief Yahoo,” in addition to leadership positions within Yahoo Japan and Alibaba, the company’s subsidiaries in Asia.
“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 said.
Yang founded Yahoo in 1994 with David Filo, and the company soon became one of the greatest success stories in the early days of the Internet. He later served as CEO from mid-2007 to early 2009, a period most notable for Yahoo’s refusal of a buyout offer in 2008 from Microsoft that valued Yahoo at up to $33 a share. Yang stepped aside for Carol Bartz, who was forced out in September. Scott Thompson took the helm of the company last week. San Jose Mercury News
