The Yahoo CEO is outta there as soon as the board finds a replacement for him, reports Kara Swisher at All Things Digital. Yang will remain on the company’s board. It's being described as a joint decision between Yang and the company’s directors, though Yang has been under pressure to resign for many months.

Sources close to the board expect the choice will end up being an outsider and likely not current Yahoo President Sue Decker, although she is being considered for the job. But both she and Yang have been closely affiliated with each other, as the company has struggled to right itself after tumultuous year and its stock price has plummeted.

Among the potential candidates mentioned by Swisher: News Corp. COO Peter Chernin, former AOL head Jon Miller, former eBay CEO Meg Whitman, and former Yahoo COO Dan Rosensweig.