Jerry Yang Searches for Life After Yahoo

The founder of the search engine stepped down Wednesday for all his posts with the company.

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    NEWSLETTERS

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    Yahoo co-founder Jerry Yang announced that he is leaving the company Tuesday.

    The founder of Yahoo has left the company he put on the map with an exclamation point.

    Jerry Yang announced Tuesday that he has resigned from Yahoo's Board of Directors and all other positions he holds with the company.

    "My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life," Yang wrote in a letter to the 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."

    Yang's exit from Yahoo comes more than two years after some shareholders tried to push him out after the company turned down take over overtures from Microsoft.

    The company announced Thompson, the former PayPal executive, as Yahoo's new CEO earlier this month.