“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,” Systrom and Krieger said in a statement.
Mosseri — who joined Facebook, which owns Instagram, in 2008 — has held various roles at the company, including head of News Feed and design director for Facebook’s mobile apps. Most recently, he was Instagram’s VP of product. In his new role, Mosseri will oversee “all functions of the business” and will hire a new executive team, including a head of engineering, product and operations.
Before their departures, Systrom was CEO and Krieger was the chief technology officer.
While it’s not uncommon for founders to leave after their company is acquired, it’s notable that Systrom and Krieger stayed on for six years after Facebook acquired their company.
It’s unclear what the two will do next. In a statement last week, Systrom said: “We’re planning on taking some time off to explore our curiosity and creativity again … Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do.”