Adam Mosseri a 10 year veteran of Facebook has officially been named to head Instagram, he was made to head the new position after the surprise departure of Facebook co-founders, CEO Kelvin Systrom and CTO Mike Krieger
Adam Mosseri was named VP of product at Instagram by May 2018, before now he oversaw facebook’s news feed and interface product management teams
“We are thrilled to pass over the reins to a product leader which has 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 wrote in announcing Mosseri’s appointment. “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.”
The two co-founders Systrom and Krieger will be leaving Instagram officially as of October 1
A week ago, Systrom and Krieger who founded Instagram in 2010, before Facebook bought it for $1 billion two years later announced that they would be exiting the company. Systrom’s public farewell blog post on Sept. 24 hinted that the duo will be going on to start something else: “We’re now ready for our next chapter,” the executives wrote. Systrom and Krieger were widely reported to have been unhappy with recent changes Facebook was making to the Instagram app and business.
Instagram would be worth more than $100 billion if it were a standalone company, according to an estimate by Bloomberg Intelligence in June. This summer, Instagram topped 1 billion monthly active users and has 25 million businesses that maintain accounts on the service.
Prior to joining Facebook in 2008 as a product designer, Mosseri worked at TokBox as the company’s first designer. He began his career founding a design consultancy in 2003 with offices in New York and San Francisco that focused on graphic, interaction and exhibition design. Born and raised in New York, he now lives in San Francisco with his wife and two sons