Yahoo CEO and Co-Founder to Step Down
Yahoo co-founder Jerry Yang, who earned the ire of many share-holders for rejecting a US$47 billion takeover offer from Microsoft, is stepping down as the chief executive officer.
Yahoo chairperson Roy Bostock points out that: “Jerry and the Board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level.”
In a press statement, Yang says that: “From founding this company to guiding its growth into a trusted global brand that is indispensable to millions of people, I have always sought to do what is best for our franchise.”
To read the article titled, “Yahoo CEO steps down,” click here.
Yahoo chairperson Roy Bostock points out that: “Jerry and the Board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level.”
In a press statement, Yang says that: “From founding this company to guiding its growth into a trusted global brand that is indispensable to millions of people, I have always sought to do what is best for our franchise.”
To read the article titled, “Yahoo CEO steps down,” click here.
Source:
<br /> The Times
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