Neal Mohan, an Indian-American, assumed control of YouTube on Thursday. Once Susan Wojcicki, one of the early Google employees, decided to leave her position with the digital company that was founded in her garage 25 years ago, Mohan was promoted to CEO of YouTube.
Insider Neal Mohan will take over for Wojcicki. The change of leadership occurs as Netflix and TikTok, a popular app for short videos, compete for viewer attention with YouTube.
Wojcicki, 54, one of the most well-known women in computing, stated that she will concentrate on “family, health, and personal projects.” In 2014, she was appointed CEO of YouTube from her previous position as senior vice president for advertising products at Google.
The chief product officer at YouTube, Mohan, a Stanford alumnus who joined Google in 2008, has been working to develop YouTube Shorts and Music.
In addition to serving on the boards of Stitch Fix and the genomics and biotechnology company 23andMe, Mohan has previously worked at Microsoft.
After the news, Alphabet shares barely changed for the day, falling less than 1%.
Neal Mohan is Google’s $100million man.
The company reportedly offered him that astounding sum just so we wouldn’t take a job at Silicon Valley rival Twitter.
The deal, reportedly paid in stock options that would fully vest in three years, made the Google vice president higher paid than most American sports star. It’s also a figure that exceeds the compensation of most tech CEOs and founders.
It demonstrates that Google is prepared to go above and beyond to keep top people, including mid-level executives, Business Insider has reported.
Eric Schmidt, the chairman of Google, received $101 million in 2011, in contrast.
The person in charge of Google’s display ads is Mr. Mohan, 39. He started and developed the business’ strategy and operations for that area of Google’s operations.
According to Business Insider, it will earn Google an estimated $7 billion this year.
He is the silent killer. One client told the news outlet that he doesn’t put on a lot of show.
He now resides in Atherton, California, a posh San Francisco suburb.
Heema Sareem Mohan and he are the owners of a $5.2 million house. Also, he leases a modest apartment in Mountain View close to the Google complex.
Mr. Mohan is regarded as the industry leader by friends and colleagues.
In the start of his career, he was a glorified technical support representative earning $60,000 annually.
After Google acquired his prior business, DoubleClick, in 2008, Mr. Mohan joined the search engine behemoth.
An early adopter of technology, DoubleClick sold targeted advertising space to companies all around the world. However, after the collapse of the dotcom bubble, it faced financial difficulties.
The company was purchased by a private equity firm for $1.1 billion, and the CEO hired Mr. Mohan to assist with rehabilitation.
Google acquired the company for $3.1 billion about 18 months after Mr. Mohan put an aggressive plan to streamline and focus the business into action.
Since then, he has presided over Google’s purchase of startup businesses to support the growth of its advertising industry.
Business Insider claims that Mr. Mohan is allowed to grow the display ad business as he sees fit.
And as a result, the company’s revenue is increasing quickly. According to Business Insider, Mr. Mohan’s control over display advertising revenue saw an increase from $5 billion to $7 billion between 2011 and 2012.
Read More: Neal Mohan Biography: Age, Family, Wife, Career, Net Worth 2023
