Ex-Yahoo CEO Jerry Yang resigns Cisco board
SAN JOSE, Calif. (AP) — Jerry Yang, Yahoo Inc.'s co-founder and former CEO, has decided not to run for re-election for his seat on Cisco Systems Inc.'s board of directors, according to a regulatory filing Wednesday.
The networking equipment maker said Yang notified the company last Thursday of his decision to retire his board seat to "more fully pursue new personal and business interests."
Yang, who was chief executive of Yahoo from June 2007 through January 2009, will remain a director at Cisco until the company's annual meeting of shareholders on Nov. 15.
Cisco said each of the board's other current directors has been nominated and opted to stand for re-election. With Yang's exit, Cisco's board will shrink to 13 members.
Shares of Cisco ended regular trading up 8 cents to $19.12.