Yahoo co-founder Jerry Yang today abruptly severed his last ties with the company, resigning from its board of directors.
Yang’s move comes a week after Yahoo’s new chief executive, former PayPal President Scott Thompson, took over the aged Internet giant. By clearing out, Yang’s giving Thompson a chance to fully make his mark.
Without Yang, Yahoo may also have better luck making major deals, in case Steve Ballmer opens his checkbook again.
“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 also stepped down from the boards of Yahoo Japan and Alibaba Group.
He co-founded Yahoo in 1995 with David Filo and was chief executive from June 2007 to January 2009.