It’s official – after nine years helming YouTube, CEO Susan Wojcicki has finally announced her decision to step down as CEO of one of the biggest video streaming platforms across the world. She will be succeeded by Neal Monhan, who has worked alongside her during her term as CEO and as the company’s Chief Product Officer.
Wojcicki cites several factors leading to this decision, which heavily revolve around her family, health, as well as personal projects. She details her journey with Google through an official statement on the YouTube blog:
“Twenty-five years ago I made the decision to join a couple of Stanford graduate students who were building a new search engine. Their names were Larry and Sergey. I saw the potential of what they were building, which was incredibly exciting, and although the company had only a few users and no revenue, I decided to join the team. It would be one of the best decisions of my life.
Over the years, I’ve worn many hats and done so many things: managed marketing, co-created Google Image Search, led Google’s first Video and Book search, as well as early parts of AdSense’s creation, worked on the YouTube and DoubleClick acquisitions, served as SVP of Ads, and for the last nine years, the CEO of YouTube. I took on each challenge that came my way because it had a mission that benefited so many people’s lives around the world: finding information, telling stories and supporting creators, artists, and small businesses. I’m so proud of everything we’ve achieved. It’s been exhilarating, meaningful, and all-consuming.”
She adds that she will continue to help and support Monhan through the transition, and will continue to work with and coach select YouTube teams, as well as meeting with creators.