Social media giant Instagram has named its new boss, less than a week after the exit of co-founders Kevin Systrom and Mike Krieger.
The current Instagram VP of product Adam Mosseri has been picked to head up the platform.
In a statement, the platform said: “We are pleased to announce that Adam Mosseri, our current Vice President of Product, will become the Head of Instagram starting today.
“We are thrilled to hand over the reins to a product leader with a strong design background and a focus on craft and simplicity — as well as a deep understanding of the importance of community.
“These are the values and principles that have been essential to us at Instagram since the day we started, and we’re excited for Adam to carry them forward.”
Speaking on his experience, the statement added: “Adam began his career as a designer, managed his own design consultancy, and then joined the Facebook design team in 2008.
“Since he joined, he moved from design into product management, and spent time working on Mobile then News Feed and most recently, we recruited him to Instagram.
“In his role leading Instagram, Adam will oversee all functions of the business and will recruit a new executive team including a head of engineering, head of product and head of operations.”
Rumours surrounding why the two founders left the company last week began circulating immediately.
According to The Sydney Morning Herald, their departure follows a spate of internal upheaval at Facebook, with Systrom and Krieger reportedly fed-up with Facebook founder Mark Zuckerberg’s involvement in the Instagram’s day-to-day operations.
Touching on their own departure, Systrom and Krieger said: “Since we announced our departure, many people have asked us what we hope for the future of Instagram.
“To us, the most important thing is keeping our community — all of you — front and centre in all that Instagram does. We believe that Adam will hold true to these values and that Instagram will continue to thrive.
“We remain excited for the future of Instagram in the coming years as we transition from being leaders at Instagram to being just two users in a billion.