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Jerry Yang, Yahoo Co-Founder, Leaving The Company

Yahoo co-founder Jerry Yang announced on Tuesday that he is stepping down from his position on the Yahoo.

From Yang’s letter to the Yahoo:

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 and David Filo founded the company in 1995. Yang has sat on the Yahoo board since March 1995 and served as CEO from June 2007 to January 2009, according to the press release.