Susan Wojcicki, a longtime Google executive who played a key role in the company's creation, is stepped down as YouTube's CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics.
In an email to YouTube employees that was shared publicly Thursday, the 54-year-old Wojcicki said she is stepping down to “start a new chapter focused on my family, health, and personal projects I'm passionate about.” She didn't elaborate on her plans.Although she became one of the most respected female executives in the male-dominated tech industry, Wojcicki will also be remembered as Google's first landlord.
Page and Brin - both 25 at the time - continued to refine their search engine in Wojcicki's garage for five months before moving Google into a more formal office and later persuaded their former landlord to come work for their company. “It would be one of the best decisions of my life,” Wojcicki wrote in the announcement of her departure.
Wojcicki's departure comes at a time when YouTube is facing one of its most challenging periods since Google bought what was then a quirky video site facing widespread complaints about copyright infringement in 2006 for an announced price of $1.65 billion . But YouTube's ad revenue during the final six months of last year dropped 5% from the previous year - the first extended downturn that the video service has shown since Alphabet peeled back its financial curtain. Analysts are worried the slump will continue this year, one of the reasons Alphabet's stock price has fallen by about 10% since it released its most recent quarterly report two weeks ago.
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