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."
Wonder how it feels to leave something which you started and sustained for 17 long years. Yang created an internet powerhouse and more than that a very powerful brand and the way he created and marketed it, Yahoo will always be a young company. Whenever I think of yahoo, I think of young internet savvy people connecting with each other. I hope this stays to end of an era only and not end of Yahoo.