Yahoo! Inc. has announced that Jerry Yang has stepped down from its Board of Directors as well as the remaining portfolios that Yang held with the company from today onwards. Apart from that, Yang also resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, also effective from today onwards. Yang wrote a letter to the Yahoo! Board Chairman Roy Bostock, where he stated, “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 served as a member of the Board of Directors since March 1995 and as Chief Executive Officer from June 2007 to January 2009, and we are curious to see where does Yang’s entrepreneurial spirit will lead him to next. Will there be another career high like a new Yahoo!, or will he just retire into obscurity? I personally think someone like him will be unable to sit still, and is always on the lookout for new challenges. [Press Release]
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