Yahoo! co-founder Yang resigns

Jan. 17, 2012 at 6:22 PM
| License Photo

SUNNYVALE, Calif., Jan. 17 (UPI) -- Yahoo! Inc. co-founder Jerry Yang Tuesday resigned his positions with the Sunnyvale, Calif., company, saying it's time to pursue other interests.

The resignation was effective immediately.

"My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life," Yang said in his resignation letter. "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, a 43-year-old immigrant from Taiwan, co-founded the digital media company with David Filo in 1995 and has been a board member since March of that year, serving as chief executive officer from June 2007 to January 2009.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Ford recalls 432,000 North American vehicles over software bug
Compact cannon for British armored vehicles
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules