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Susan Wojcicki Is Stepping Down after Nine Years as YouTube CEO

Susan Wojcicki Is Stepping Down after Nine Years as YouTube CEO

Susan Wojcicki is stepping down from her role as CEO of YouTube after running the video streaming giant for nine years. YouTube’s new leader will be Neal Mohan, one of Wojcicki’s longtime lieutenants who has worked at Google for 15 years as chief product officer. 

Wojcicki, the company’s 16th official employee, announced her departure in a memo to staff. The YouTube Blog features “A personal update from Susan” that announces she’ll be stepping down to “start a new chapter focused on my family, health, and personal projects I’m passionate about.” 

Youtube is owned by Google’s parent company Alphabet. Wojcicki’s relationship with Google founders and top Alphabet shareholders Larry Page and Sergey Brin goes back to 1998. Wojcicki rented Page and Brin her garage as a workspace when the two were developing their search engine. 

YouTube became increasingly important to Google during Wojcicki’s time, who is credited with its acquisition in 2006, and Alphabet, the holding company that houses both. In 2022, YouTube generated $29.2 billion in ad sales, more than 10% of Alphabet’s total revenue. 

Wojcicki will remain at YouTube for “the short term” to help with the transition and has agreed with Google CEO Sundar Pichai to take on an advisory role across Google and Alphabet. 

Pictured: Susan Wojcicki

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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