Co-Founder Jerry Yang Finally Quits Yahoo for Good

From DailyTech: Yahoo co-founder Jerry Yang officially resigned from Yahoo's Board of Directors and all other company-related positions today.

Yang co-founded Yahoo back in 1995 with David Filo. He has been a member of the Board of Directors since March 1995, and also served as chief executive officer from June 2007 to January 2009.

Now, Yang has resigned from Yahoo's Board of Directors and also stepped down as a member of the boards of Yahoo Japan and Alibaba Group.

"My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life," said Yang in his resignation letter to Yahoo Board Chairman Roy Bostock. "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."

Scott Thompson, who has been in charge of eBay's online payment system PayPal since 2008, was announced as Yahoo's new CEO two weeks ago. He is the replacement for former Yahoo CEO Carol Bartz, who led the Internet corporation from January 13, 2009 to September 6, 2011. She was fired last fall after a series of outbursts toward people like TechCrunch founder Michael Arrington, whom she told to "f*ck off" at TechCrunch Disrupt in New York City. Former Yahoo Chief Financial Officer Tim Morse was named interim CEO after Bartz was booted, and now Thompson is stepping in.

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