Yes! It’s time for me to leave as well…To start own business, we’re the senior IT generation from 1999.

Willy Yang, president of Focus Media’s (Nasdaq:FMCN) online advertising subsidiary Allyes, confirmed Wednesday that he plans to resign, reports Sina. Yang said he intends to take a break after leaving Allyes and did not comment rumors that he will start his own business, said the report. Yang joined Allyes in 2000 as a sales manger and was subsequently promoted to business director, general manager and co-chief operating officer. An Allyes insider said Yang took on his position as president in March 2007, according to the report.

Sohu reports earlier that day quoted an unnamed insider as saying that Yang would begin a start-up after his resignation. Established in October 1998, Allyes was acquired by out-of-home advertiser Focus Media in March 2007 for $70 million in cash and $155 million in newly issued Focus Media common shares.