Facebook Chief Technology Officer Mike Schroepfer just announced that he will stepping down from the role next year and transition to a part-time position as a “Senior Fellow” at the company. It’s one of the biggest leadership departures for Facebook in recent memory.
He will be replaced in the role by long-time executive Andrew Bosworth who has most recently led the company’s Facebook Reality Labs. Bosworth will continue to lead the AR/VR organization in his new role.
EO Mark Zuckerberg shared a note on the departure in the company’s newsroom:
I want to take a moment to thank Schrep for his extraordinary contributions to our community and our company over the last 13 years. He has played a critical role in almost everything we’ve done — from building and scaling our teams to mentoring many of our key leaders, and from helping us develop new technologies like AI and VR to operating our infrastructure and business services at global scale. Schrep and I have had a close partnership over the years, and in addition to being a great leader, he’s also a great person and a close friend.
Schroepfer joined the company in August of 2008, according to his LinkedIn, a time when Facebook was riding high on a $15 billion valuation but was soon to encounter a harsher investment environment during the recession that led it to raise a series of down rounds. The company went on to have the biggest technology IPO in history and is currently trading at a market cap just south of $1 trillion.
News Source: The Wrap
