The Wall Street Journal: YouTube’s top business exec, Robert Kyncl, is departing after more than a decade

0
18

YouTube’s top business executive, who helped build the Google unit from an upstart into a video giant, is leaving the company as it battles slowing growth and increased competition from TikTok.

Robert Kyncl will exit his position as chief business officer after more than a decade at the video platform, YouTube Chief Executive Officer Susan Wojcicki wrote in a memo to employees on Monday.

“Under his leadership, YouTube forged new relationships and partnerships in music, traditional media and tech, and our creator ecosystem—without him, the term ‘YouTuber’ wouldn’t be a mainstream term,” Wojcicki wrote in the memo. “We owe so much of our growth and impact to Robert’s leadership, and I want to celebrate his amazing contribution to YouTube.”

Kyncl, 51 years old, confirmed his departure on Twitter, saying he had “decided to move on to the next challenge.” He didn’t immediately respond to a request for comment sent to his YouTube email address.

Mary Ellen Coe, a longtime advertising sales executive at Alphabet’s GOOGL, -0.44% GOOG, -0.34% Google, will replace Kyncl in October, according to the memo.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Here’s what a $2 million retirement looks like in America.

Russia confounds the West by recapturing its oil riches.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleCrypto company stocks slump as bitcoin drops below $20,000
Next articleSwiss regulator grants temporary authorization for Moderna bivalent COVID booster for adults age 18 and older

LEAVE A REPLY

Please enter your comment!
Please enter your name here