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Yahoo said Jerry Yang, its chief executive, would leave that role after the company finds a replacement.
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Yahoo! has announced that Jerry Yang will step down as CEO once his replacement has been found. Yang will remain on board as Chief Yahoo! Yang became CEO in June 2007 at the request of the Board of Directors. Board Chairman Roy Bostock will lead the search for a new CEO. Here's his official corporate-speak on the matter: "Over the past year and a half, despite extraordinary challenges and distractions, Jerry Yang has led the repositioning of Yahoo! on an open platform model as well as the improved alignment of costs and revenues. 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. We are deeply grateful to Jerry for his many contributions as CEO over the past 18 months, and we are pleased that he plans to stay actively involved at Yahoo! as a key executive and member of the Board."
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JERRY Yang, co-founder of Yahoo, will step down as the internet company's chief executive as soon as a successor is found.
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Jerry Yang, co-founder and CEO of Yahoo. will step down as CEO as soon as the board of directors finds a replacement, sources told All Things Digital's Boomtown blog today. (Techmeme) The company made a formal announcement shortly after the blog posting went live. Yang, 40, will resume his position as Chief Yahoo and will retain a seat on the company's board of directors. His decision to step down was reportedly a joint decision between him and the board. Company chairman Roy Bostock will lead the search for a new CEO, looking at both internal and external candidates. Sources told All Things Digital that company president Sue Decker is being considered but that the replacement will likely come from outside...
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Bowing to mounting pressure from investors, Jerry Yang, co-founder of search engine giant Yahoo Inc., decided to step down as chief executive officer of the company. Yahoo's Board of Directors has initiated a search for a new chief executive. Yang will return to his former role as Chief Yahoo! after his successor is appointed as CEO, and he will also continue to serve on the Board.
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Late Monday, ending his eighteen-month troubled reign, Internet giant Yahoo Inc.'s co-Founder and Chief Executive Officer Jerry Yang has finally decided to step down. Yang would now return to his prior position as Chief Yahoo and will continue as a director on the Yahoo board.
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Yahoo said Jerry Yang, its chief executive, would leave that role after the company finds a replacement.
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He had irked shareholders by letting would-be partners Microsoft and Google slip away. Unable to rescue the Internet giant he co-founded from its worst decline since the dot-com bust, Yahoo Inc. Chief Executive Jerry Yang said Monday that he planned to step down as soon as he could find a successor.
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Enthusiasm on Wall Street is tempered by the problems Jerry Yang's successor will face. Wall Street celebrated the planned demotion of Jerry Yang on Tuesday, sending Yahoo Inc.'s shares soaring on hopes that a new chief executive would entice Microsoft Corp. to buy some or all of the struggling Internet company.
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The Yahoo co-founder and CEO will walk through walls for Yahoo, but he isn't doing a great job of selling the vision inside or outside of the company.
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Jerry Yang, the co-founder of Yahoo, is to stand down as the internet portal's chief executive officer.
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Yahoo, under fierce financial pressure, has begun a search to replace company co-founder Jerry Yang as chief executive
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INTERNET firm Yahoo! is replacing its CEO Jerry Yang.
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As expected by many, Yahoo’s embattled CEO has finally decided to step down from his post as Yahoo starts searching for a new CEO that would uplift Yahoo (again) from where it is right now. Tasked to assess potential candidates and determining the final lists of candidates are Yahoo chairman Roy Bostock, some independent directors [...]
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Jerry Yang will step back to his chief Yahoo role as soon as a successor is found for the CEO role, Yahoo announces.
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Last night, purple-pushing internet company Yahoo! announced that co-founder and C.E.O. Jerry Yang would be stepping down from his management role, which he's had since June 2007. Mr. Yang will continue to sit on the company's board and take back his old title (we kid you not): Chief Yahoo!. Jessica E. Vascellaro of The Wall Street Journal framed it as follows: Yahoo Inc. co-founder and Chief Executive Jerry Yang will step down after the company finds a replacement, closing a tumultuous and short tenure during which Yahoo rejected an offer from Microsoft Corp.'s to buy it. readmore
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Yahoo said Yang, who helped build the company into an Internet giant, would step down from his role as chief executive as soon as a replacement is found.
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Jerry Yang, the chief executive of Yahoo, will step down from his role as soon as the board finds a replacement for the Internet company, Yahoo said late Monday.
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Yahoo said Mr. Yang, who helped build the company into an Internet giant, would step down as chief executive.
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NAME: Jerry Yang.
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Jerry Yang, co-founder of Yahoo, will step down from his position as chief executive officer as soon as a replacement has been appointed, the troubled internet company said
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Chief executive of the search engine steps aside after failing to deliver a deal with either Microsoft or Google.
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Yahoo CEO Jerry Yang hoped an advertising deal with Google would boost revenue and keep Microsoft at bay. Instead, he ended up resigning soon after the Justice Department, thanks to Microsoft lobbying, blocked the deal.
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Many wonder if he stepped down on his own or was asked to resign.
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The founder of the Internet's original search engine finds himself heading for the exit
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Yahoo is getting into the analytics game with the launch of a new traffic measuring tool. Yahoo Web Analytics builds on the IndexTools system acquired by the company in April. The rebranded platform is currently available in beta mode only to registered Yahoo Small Business customers and a small subset of advertisers.
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Vale (RIO) advanced in pre-market trading, after Southwestern Resources (SWG.TO) signed an option deal with the company for its Antay project.
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China TechFaith (CNTF) advanced in pre-market trading, after the company stated it expects third quarter revenue around US$43 million vs. US$30-US$35 million range projected earlier.
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The Dow comes back from a 380-point drop after Microsoft's Steve Ballmer reignites speculation about Yahoo. Crude oil approaches $70 a barrel. The economic data remains grim. Industrial production falls the most in nearly 34 years. Citigroup beats expectations.
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Royal Bank of Scotland (RBS) climbed in pre-market trading, up nearly 12%. The advance came after reports of private-equity firm CVC teaming up with Swiss Re to bid for Royal Bank of Scotland's insurance unit.
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The FTSE 100 was up 84.07 points at 4147.08 while the FTSE 250 was down 11.25 points at 6299.58 at 12:18 pm.
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Biogen (BIIB) advanced in pre-market trading, after the company reported a higher third quarter profit.
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Yahoo CEO Jerry Yang tells Yahoo employees in an e-mail that the company has "been through a tremendously challenging year."
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