YouTube chief Wojcicki exiting role after long Google tenure - report
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YouTube (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Susan Wojcicki is stepping down from her role to pursue a "new chapter" with a more personal focus, Vox reports.
Wojcicki was one of Google's earliest employees, having rented out her garage to co-founders Larry Page and Sergey Brin in 1998, and she became one of the most powerful women in tech in shepherding YouTube to a premier position in online video.
Now she'll "start a new chapter focused on my family, health and personal projects Iâm passionate about," she said in a letter to YouTube workers according to the report.
âSusan has a unique place in Google history and has made the most incredible contribution to products used by people everywhere,â Page and Brin said. âWeâre so grateful for all sheâs done over the last 25 years.â
Neal Mohan (Wojcicki's longtime lieutenant) will be the new senior VP and head of YouTube.
"With all weâre doing across Shorts, streaming and subscriptions, together with the promises of AI, YouTubeâs most exciting opportunities are ahead, and Neal is the right person to lead us," Wojcicki said, according to Vox.
YouTube advertising revenue declined in the fourth quarter to $7.96B, but it still makes up more than 10% of Alphabet revenues overall.
And according to Nielsen, under Wojcicki YouTube has grown to become the platform share leader in online video time, surpassing Netflix (NFLX).