Emmett Shear, CEO and last remaining founder of Twitch, formerly Justin.tv, has just stepped down as the CEO and will be replaced by Dan Clancy, President of the company.
Emmett Shear, the long-time founder of Twitch, just announced via Twitter that he will be stepping down as CEO of the company and assuming an advisory role. As one of the key founders who has been with the company since 2006, this is a pretty massive development for the streaming service.
According to Shear,
“With my first child just born, I’ve been reflecting on my future with Twitch. Twitch often feels to me like a child I’ve been raising as well. And while I will always want to be there if Twitch needs me, at 16 years old it feels to me Twitch is ready to move out of the house and venture alone. So it is with great poignancy that I share my decision to resign from Twitch as CEO.”
Shear goes on to say,
“Dan Clancy, our current President, has been a close partner to me these past few years. He will step fully into the role of CEO, effective immediately.”
Originally launched in 2007 by Justin Kan and Emmett Shear, Twitch, then known as Justin.tv, started as somewhat of an experiment when a group of friends “were making a 24/7 live reality teleivision show about Justin’s life,” explains Shear in his departure letter.
Now standing as the dominant online streaming platform and owned by Amazon, the company has grown enormously since it was created. Only time will tell on the direction that the new CEO, Dan Clancy, will take the platform in the future.
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