Terry Semel resigns, Yahoo Stock shoots up
June 18th, 2007 by GB
Posted by: Grayson Brulte
Today Terry Semel announced his resignation as CEO of Yahoo! and shares are more then $2 in after hours trading. Jerry Yang, Yahoo! co-founder and long-time board member, was named CEO.
Semel will assume the position of non-executive Chairman and serve as an adviser and important resource for the company’s senior management team, while also working closely with the Board.
Read the Press Release here.
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