YouTube CEO Susan Wojcicki said Thursday that she’s stepping down. Neal Mohan, chief product officer, will take the lead as the senior vice president and new head of YouTube.
“Today, after nearly 25 years here, I’ve decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health, and personal projects I’m passionate about,” she said in a blog post.
Wojcicki, 54, joined YouTube as CEO in 2014.
She will continue working with YouTube teams, coaching members and meeting with creators, she added.
Wojcicki said she agreed with Alphabet CEO Sundar Pichai to, in the longer term, take on an advisory role across Google and Alphabet. “This will allow me to call on my different experiences over the years to offer counsel and guidance across Google and the portfolio of Alphabet companies,” she wrote.
Wojcicki’s departure comes at a time when YouTube is facing one of its most challenging periods since Google bought what was then a quirky video site facing widespread complaints about copyright infringement in 2006 for an announced price of $1.65bn. The all-stock deal was valued at $1.76bn by the time the transaction closed.
Although Google was initially derided for paying so much for a video service whose future appeared to be in doubt, it turned out to be a bargain. Besides becoming a cultural phenomenon that attracts billions of viewers, YouTube also has become a financial success with ad revenue totaling $29bn last year. That was up from annual ad revenue of $8bn in 2017, when Google’s corporate parent, Alphabet Inc, began to disclose YouTube’s financial revenue.
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