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Confirmed! Susan Wojcicki, Google's Ad Boss, To Be Next CEO Of YouTube

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Susan Wojcicki was Google's 16th employee and is now, according to media reports, the new CEO of YouTube.

Wojcicki will be taking over the position from Salar Kamangar, who's expect to leave YouTube but remain working for Google (NASDAQ: GOOG).

In a statement quoted by the industry newspaper Variety, Google CEO Larry Page praised Salar "and the whole YouTube team (for having) built something amazing."

He also said that, "like Salar, Susan has a healthy disregard for the impossible and is excited about improving YouTube in ways that people will love.”

Wojcicki has been a part of Google for a long time and, notably, the company was headquartered out of her garage in Menlo Park, Calif. for a short time. Her previous position was the senior vice president of advertising at Google -- a major position at the search-engine company, where much of its annual revenue comes from advertising on searches.

However, there is some controversy surrounding Wojcicki's promotion. Wojcicki was one of the most well-known executives at Google and a rumored target for a high level position at a venture capital fund or a CEO role, reports Re/Code.

Google and specifically Larry Page didn't want to lose Wojcicki to a competitor and gave her a CEO position with a Google subsidiary instead. But now Google may have to worry about VP of product Shishir Mehrotra, who essentially ran YouTube while Kamangar started moving away from YouTube and started working closer to Page.

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Historically though, Google has done a great job retaining talented employees -- and they've been able to do so by throwing huge amounts of money at them. One story that comes to mind is when Twitter tried to hire Neal Mohan from Google's ad department back in 2011 and Wojcicki, his boss at Google, convinced him to stay by making him a $100 million offer.

Wojcicki's promotion to CEO could be a sign that Google's looking to turn YouTube into something a little more lucrative. The Internet's number-one video site is important to Google, and generated $5.6 billion in revenue last year.

With Wojcicki successfully leading Google's ad business to the online behemoth that it is now, Google and CEO Larry Page are hoping she'll be able to do the same with YouTube.

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