October 30, 2010

YouTube’s Chief Executive Leaving His Post

YouTube co-founder and chief executive Chad Hurley is leaving his position as head of the online video-sharing service.

"For the past two years, I've taken on more of an advisory role at YouTube as Salar Kamangar has led the company's day-to-day operations," Hurley said in a statement released by YouTube on Friday.

"I will continue to serve as an advisor and am excited to witness the next phase of YouTube's growth."

Kamangar, Google web applications vice president, is going to fill the empty seat that Hurley is leaving behind.

Google does not release financial information for YouTube, but senior executives have said that revenue from display advertising at the site is increasing, which shows that the site is becoming profitable.

YouTube has added more professional content like full-length television shows and movies to its content in an attempt to attract advertisers.

Founders Chad Hurley, Steve Chen and Jawed Karim founded YouTube in 2005.

Reports have said that the website was inspired by a desire to share video-content on the Internet.

YouTube has seen rapid growth from users who wish to upload original videos to television, movie and concert clips.

Chen and Hurley met in 1999 while working at PayPal before the online financial transactions service was bought by eBay for $1.5 billion.

Hurley earned a bachelor degree in design in Pennsylvania and was later hired by PayPal after applying for the job through email.


On the Net: