Susan Wojcicki.
Hollie Adams/Bloomberg
YouTube CEO Susan Wojcicki is stepping down from her role and plans to leave Google after spending a quarter-century with the company.
In a note to YouTube staff Thursday, Wojcicki said she would be succeeded by Neal Mohan, who has been chief product officer for YouTube since 2015. Mohan joined the company in 2007 as part of Google’s acquisition of the ad technology company DoubleClick.
Over the years, Wojicicki held many roles at Google, a unit of
Alphabet
(GOOGL), working on products like AdSense, image search, and video and book search. She has been YouTube CEO for nine years.
“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,” she wrote. “The time is right for me, and I feel able to do this because we have an incredible leadership team in place at YouTube.”
Wojcicki will continue in an advisory role to both Google and Alphabet.
YouTube’s business has been bruised in recent quarters from the downturn in the advertising market. In the December quarter. YouTube posted ad revenue of $7.96 billion, down 7.7% from the year-earlier quarter. For all of 2022, YouTube reported ad revenue of $29.2 billion, up 1.4%.
Write to Eric J. Savitz at eric.savitz@barrons.com
Credit: marketwatch.com