by John Hugh DeMastri
Youtube CEO Susan Wojcicki will be stepping down after a nine year stint as head of the company, Wojcicki announced in a blog post Thursday.
Wojcicki initially joined Google, Youtube’s parent company, nearly 25 years ago and worked on several projects for the company — including co-creating Google’s Image Search function and advertising technology — before joining Youtube in 2014 as its CEO, according to the blog post. Chief Product Officer Neal Mohan will be taking over as the new CEO of YouTube, while Wojcicki will step into an advisory role at YouTube’s parent companies, Google and Alphabet.
“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,” said Wojcicki. “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.”
Alphabet struggled to generate ad revenue in 2022, with YouTube posting its first ever quarterly loss in the third quarter of the year, since it began tracking the figure in 2020. Alphabet cut roughly 12,000 jobs across its companies in late January.
YouTube referred the Daily Caller News Foundation to Wojcicki’s blog post.
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John Hugh DeMastri is a reporter at Daily Caller News Foundation.
Photo “Susan Wojcicki” by World Economic Forum. CC BY-NC-SA 2.0.