Yahoo’s Jerry Yang Resigns ~ Pare News

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Former Yahoo CEO and co-founder Jerry Yang announced his resignation Tuesday, saying he would no longer be a part of the company in any way.

Yang served on Yahoo’s board of directors after he resigned from the CEO position of the Sunnyvale Internet company in 2008.

In the press release announcing his resignation, Yang said, “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."

SEE ALSO: Yahoo Names PayPal President Scott Thompson CEO

Yang founded Yahoo in 1995 with David Filo. He served as CEO from June 2007 to January 2009, when a replacement was found.

Before and after Yang’s tenure, Yahoo has had a difficult time keeping up with the popularity and whimsy of Google.

SEE ALSO: Hey Yahoo, Do a Barrell Role: How Google Wins With Whimsical Tricks

"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."

What do you think about Yang’s resignation? Was it time for him to go? Tell us in the comments.

Image courtesy of Flickr, Yodel Anecdotal

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