Chad Hurley, is stepping down from his current position as CEO of Youtube to let his successor take over. Salar Kamangar, a founder of AdWords is expected to drive Youtube to the 1 billion subscription mark.
Youtube is always growing as millions of people are using it every day but that does not guarantee large sum of money n monetizing a social network. This has been the reason for Chad stepping down from his position.
“Right now I am in the process of transitioning into the role of adviser, stepping down, still being involved in the company, but it’s given me an opportunity to work on new projects,” Hurley told attendees at the F.ounders international web conference in Dublin on Thursday evening. “We were lucky enough to find Salar, who was one of the founders of AdWords. He is responsible for the whole thing. For me, he was someone who was going to be able to drive the business.”
Tags: Chad Hurley, Youtube