YouTube boss steps down

One of of the founders of YouTube revealed yesterday that he is to step down from his role as chief executive and take on an advisory role at the video-sharing website.

Chad Hurley, who set up YouTube with Steve Chen and Jawed Karim in 2005, will be replaced by Salar Kamangar, the former vice-president of web applications at parent company Google.

Mr Hurley said: "For the past two years, I've taken on more of an advisory role at YouTube as Salar Kamangar has led the company's day-to-day operations."

He continued: "I will continue to serve as an adviser and am excited to witness the next phase of YouTube's growth."

The search engine giant Google bought the site in 2006 for $1.6bn.