Yahoo has announced that co-founder Jerry Yang is resigning.
TechCrunch reports that Yang submitted a letter of resignation reading, “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 co-founded Yahoo with partner David Filo. Yang also held the position of CEO from June 2007 to January 2009.
This will be the first time that Yang will not have any official role within the company.
Read more about Jerry Yang here.