Neal Mohan, chief product officer, will assume control as YouTube’s new senior vice president and CEO.
Susan Wojcicki, the CEO of YouTube, is leaving the position after nine years. She declared on her blog that she had “chosen to start a new chapter focused on my family, health, and personal projects I’m passionate about.”
Neal Mohan, the platform’s chief product officer, will take over as CEO of the Google-owned company. We have a fantastic leadership team in place , so I feel competent to do this, Ms. Wojcicki said. “The moment is perfect for me, and I feel able to do this,” she added.
In the “near term,” Ms. Wojcicki continued, she would work to “support Neal and help with the transition.”
Wojcicki, 54, became CEO of YouTube in 2014.
She continued by saying that she will keep meeting with creators and coaching members of YouTube teams.
According to Wojcicki, she and Sundar Pichai, CEO of Alphabet, decided to take on an advising role for both Google and Alphabet in the long run. As a result, she stated, “I will be able to draw on my various experiences from the past to offer advise and assistance across Google and the portfolio of Alphabet firms.
She pushed for the $1.65 billion purchase of YouTube in 2006.
Wojcicki joined Google in 1999 and spent 14 years overseeing the development of the company’s analytics and advertising products. In recent years, it has increased its physical presence in cities like New York and in close proximity to its San Bruno, California, headquarters.
She managed the company’s quick growth to become the biggest video platform in the world during her time there. According to the business, today it has more than 2.5 billion monthly active users and receives more than 500 hours of new content every minute.
In her blog post, Wojcicki stated that she worked with Mohan, the new head of YouTube, for nearly 15 years during her career, “first when he joined Google with the DoubleClick purchase in 2007 and as his role developed to become SVP of Display and Video Advertising.”
Due to the growth of social media, particularly TikTok, which it has been attempting to compete with through its short-form video platform Shorts, YouTube has come under fire in recent years. In the fourth quarter, YouTube brought in $7.96 billion in advertising income, which was below expert projections and down 8% from the year before.
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