Yahoo have announced that co-founder Jerry Yang has resigned from its board of directors and is also resigning all other positions within the company including Yahoo Japan and Alibaba. “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 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.”

Read the announcement here