Susan Wojcicki is stepping down as YouTube’s CEO after nine years running the video site.
’s CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics.Thursday, the 54-year-old Wojcicki said she is leaving to “start a new chapter focused on my family, health, and personal projects I’m passionate about.” She didn’t elaborate on her plans.Neil Mohan, who has worked closely with Wojcicki for years, will replace her as YouTube’s CEO.
Shortly after Google co-founders Larry Page and Sergey Brin incorporated their search engine into a business in 1998, Wojcicki rented the garage of her Menlo Park, California, home to them for $1,700 a month. “It would be one of the best decisions of my life,” Wojcicki wrote in the announcement of her departure.In 2006, Google bought Wojcicki’s home to serve as a monument to the roots of a company now valued at $1.2 trillion. During Wojcicki’s career at Google, Brin became her brother-in-law when he married her sister, Anne, in 2007. Brin and Anne Wojcicki divorced in 2015.
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 $29 billion last year. That was up from annual ad revenue of $8 billion in 2017 when Google’s corporate parent, Alphabet Inc., began to disclose YouTube’s financial revenue.
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