Just a short time ago we carried word that Yahoo! CEO Jerry Yang intended to step down after a suitable successor has been found. In light of the recent announcement, Yang has just posted a blog entry that serves as both a state of the union address and a glimmer of reason for the decision.

As you’ve no doubt already read, I’ve decided that I will step down from my role as Chief Executive Officer after my successor has been selected.

Ever since founding Yahoo! with David Filo 13 years ago, I’ve been passionate about this company, its brand, its employees, and the millions of people around the world who consider it their online home. That’s why I accepted the Board’s request to become CEO in June 2007, taking on the challenge of transforming Yahoo! at a time when the industry was evolving quickly and we needed to rethink and restructure our business.

Meanwhile, the remainder of the entry can be found over at the official corporate blog.