YouTube's Hurley to Step Down as CEO, Take on Advisory Role

YouTube Inc. Chief Executive Officer Chad Hurley said he’s moving to the role of advisor at the world’s largest video-streaming site and plans to start another company at some point.

Speaking a technology conference in Dublin last night, Hurley said he “would have loved to stay independent” before Google bought the company in 2006 for $1.65 billion, though the search-engine giant has allowed YouTube to operate with a large degree of autonomy.

“I am transitioning now into the role of advisor,” Hurley said. “It is something that I have been working on for the last two years.”

Hurley said he wants to start another company after YouTube, which would be “something that I would use and others would find useful too.”

Hurley founded YouTube with Steve Chen and Jawed Karim in February 2005. He formerly worked at EBay Inc.’s Paypal. Under Google, YouTube has grown from 67 employees to more than 600, he said.

To contact the reporter on this story: Kristen Schweizer in London at kschweizer1@bloomberg.net.

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net.

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