[By Sudarshana Banerjee]

Jerry Yang has resigned from its Board of Directors and all other positions with the company, says Yahoo. Mr. Yang has also resigned from the Boards of Yahoo Japan and Alibaba. The resignations go into effect right now, and Mr. Yang’s departure marks a severance of all ties he had with the company he co-founded seventeen years ago.

Jerry Yang: 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.

Mr. Yang co-founded Yahoo in 1995 with David Filo and served as a member of the Board of Directors since March 1995 and as CEO from June 2007 to January 2009.