Yahoo (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. Full details on paidContent.org

Links to the rest of our Jerry Yang coverage, including to our poll:
—Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement
—Poll: Who Should Be the Choice For Yahoo CEO Position?
—Yahoo React: Analysts Expect Board To Get Aggressive On MSFT, AOL Deal
—Yahoo CEO Search: Some Possible Names: Miller, Chernin, Freston, Rosensweig and Others
—Yahoo CEO Search: Obama-Like Immediate Priorities
—Yahoo And Yang’s Greatest Hits: History In Links