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Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement

imageYahoo (NSDQ: YHOO) CEO Jerry Yang will step down from his post as soon as the board finds a suitable replacement, and BoomTown broke the story. The official release from Yahoo is out.

Kara also has his full memo to the Yahoo team, in which Yang says he’ll participate in the search for his successor. Once the new CEO is in place, Yang will go back to his role as Chief Yahoo — and he will retain his seat on the board.

The details:
— The board has retained Heidrick & Struggles, an executive search firm, to assist in the process.
— Yang will participate in the search for his successor.
— He will also continue to serve on the board, and would return to his earlier role as

One Response to “Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement”

  1. It's about time. Yahoo and MSN for all our sakes need to merge so they can at least TRY and compete against the Google monopoly. 71% market share of all searches worldwide is not good for anyone. Mr. Steve Ballmer get your big fat Microsoft checkbook out, time to go Yahoo shopping.