Youtube's CEO Steps Down

By: Danielle Eldredge Email
By: Danielle Eldredge Email

SAN FRANCISCO (AP) - YouTube co-founder Chad Hurley is stepping
down as CEO of the world's most popular website for watching video.

Hurley's decision to give up the leadership role at the
5-year-old site formalizes a transition that has been in the works
for some time as YouTube's owner, Google Inc., asserted more

Salar Kamangar, one of Google's earliest employees, has been
running YouTube's day-to-day operations for the past two years
while Hurley concentrated on the site's design and relationship
with its users.

Hurley, who is 33 years old, intends to remain a YouTube adviser
and officially turn over the CEO's role to Kamangar.

Google bought YouTube for $1.76 billion four years ago,
enriching Hurley and his fellow co-founders Steve Chen and Jawed
Karim. Chen and Karim already left YouTube.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

AP-NY-10-29-10 1815EDT

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