Emmett Shear worked for Twitch for a good 16 years, the last eleven years as CEO of the company. The 40-year-old will step down from his post and focus on family life. In a farewell blog post, he thanks all streamers on the platform.
Emmett Shear started working at a small live streaming platform called Justin.tv in 2006 and became CEO of the company in 2011. Justin.tv quickly became Twitch.tv – now the most popular live streaming platform, owned by Amazon since 2014. After a good 16 years, CEO Emmett Shear will leave his post and Twitch, but will continue to serve the company in an advisory role.
In a statement, he said that as a new father, he now wants to focus on his family. Twitch President Dan Clancy will take on the new role as CEO.
Emmett Shear thanks the streamers who have stayed loyal to the platform
in one farewell post the outgoing CEO wrote, “I feel deep gratitude for all the streamers who trusted us with their content and their communities early on, and for all the streamers who continue to do so to this day.
“I know it’s hard for some of you to believe, but supporting as many of you as best you can is and always has been the number one goal for everyone on Twitch. I also want to thank Amazon for making it was the best recruiter I could ask for. Amazon has really supported us and given a product as different as Twitch the space to grow and become self-fulfilling,” said Shear.
Of the new CEO, Shear says, “Dan Clancy, our current President, has been a close partner over the past few years. He will step into the role of CEO effective immediately. He cares deeply about the Twitch community, the streamers and our employees hearts and he understands what makes Twitch Twitch.”
During Emmett’s time, one of the most recent and most controversial announcements was certainly the capping of the 70/30 split for subscription revenue, effective June 1, 2023 this year. New CEO Dan Clancy made headlines by saying you need to divert revenue from streamers, because good quality live streaming costs a lot of money. The new CEO of Twitch certainly has a challenging time ahead.
Source | dexterto