YouTube CEO Susan Wojcicki stepping down
Neal Mohan has been tapped to take over the role
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YouTube CEO Susan Wojcicki announced Thursday she will step down from the role.
Wojcicki wrote in a YouTube blog post she had decided to "step back" from being YouTube’s CEO, saying she plans to "start a new chapter focused on my family, health, and personal projects I’m passionate about."
Getty images (Getty images)
She has been involved with Google for almost 25 years, including nine at the helm of YouTube. The video-sharing platform was bought by Google in 2006.
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In this photo illustration a Youtube logo seen displayed on a smartphone. (Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images / Getty Images)
Wojcicki said the "time is right for me" and she feels "able to do this because we have an incredible leadership team in place" at YouTube.
She said YouTube Chief Product Officer Neal Mohan will be her successor. Wojcicki and Mohan have worked together for almost 15 years, she said.
"With all we’re doing across Shorts, streaming, and subscriptions, together with the promises of AI, YouTube’s most exciting opportunities are ahead, and Neal is the right person to lead us," she wrote.
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Wojcicki said she will "support Neal and help with the transition" in the short-term. That will involve "continuing to work with some YouTube teams, coaching team members, and meeting with creators," according to her message.
She said she will then serve in an advisory capacity that "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."
Silhouettes of mobile device users are seen next to a screen projection of YouTube logo in this picture illustration taken March 28, 2018. ((REUTERS/Dado Ruvic/Illustration) / Reuters Photos)
In her message, Wojcicki thanked Sundar Pichai, the CEO of Google's parent company Alphabet, for "his leadership, support and vision over the years" as well as Google founders Larry Page and Sergey Brin for "inviting me on what has truly been the adventure of a lifetime."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GOOGL | ALPHABET INC. | 167.63 | -8.35 | -4.74% |
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Earlier in the month, Alphabet reported generating $76.05 billion in fourth-quarter revenue, marking a 1% increase from the $75.32 billion in the same period the prior year. Its net income narrowed by roughly 34%, going from $20.64 billion to $13.62 billion.