Yang Is Out as Yahoo's CEO
NEW YORK Yahoo co-founder Jerry Yang will step down from his role as CEO, as the embattled Web portal said it has begun a search for his replacement.
Yang’s impending departure was announced by Yahoo’s board of directors late Monday. The 40-year old technology pioneer will aid in the search and will continue to serve on the board and in his previous advisory role as “chief Yahoo,” said officials.
In June 2007, Yang took over the CEO title at the Yahoo board’s request following the ouster of former CEO Terry Semel.
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