Facebook on Monday announced Adam Mosseri will take over as the head of Instagram following the sudden resignations of co-founders Kevin Systrom and Mike Krieger last week.
announced their resignations from the company last week, more than six years after Facebook acquired the company they founded for $1 billion. Their departures came after growing frustrations with Facebook Chief Executive Mark Zuckerberg due to increasing interference with the direction of the photo-sharing app, according to various reports last week.
Mosseri has climbed the ranks of the social network giant since joining the company as a product designer in 2008. During his time with Facebook, Mosseri has also served as design director for the company’s mobile apps and later leading the News Feed division. He has been Instagram’s head of product since May.
“I’m humbled and excited about the opportunity to now lead the Instagram team,” Mosseri said in a statement.
Shares of Facebook are down a little more than 1 percent on Monday.