Brendan Iribe steps down as CEO as Oculus restructure

Brendan Iribe, CEO of Oculus, has revealed on the company blog that he’ll be stepping down from his role as part of Oculus’ forthcoming restructuring.

Oculus is dividing its operations into two different VR groups, one focused on PC virtual reality and mobile virtual reality. Iribe will be leading the PC virtual reality team, while Jon Thomason, previously Oculus’ head of software, will take control of the mobile team. Oculus don’t appear to be searching for a new CEO for the company, instead just a new leader to oversee both of the Oculus teams.

"I couldn’t be more proud of what we’ve created—not just the products but the culture and team. We’ve brought together an extraordinary set of people with a shared passion for building the best virtual reality." said Iribe. "The exciting part is it’s still just the beginning. Facebook is committed to working on VR for the long term, which means building the next great computing platform that allows people to experience anything with anyone and connects the world in bold new ways."

"Changing the world on that scale has required us to also scale Oculus at warp speed. With our growth and product strategy, we’ve decided to establish new PC and mobile VR groups to be more focused, strengthen development and accelerate our roadmap."

Iribe continues, explaining his move to the new role: "I really missed the deep, day-to-day involvement in building a brand new product on the leading edge of technology. You do your best work when you love what you’re working on. If that’s not the case, you need to make a change. With this new role, I can dive back into engineering and product development. That’s what gets me up every day, inspired to run to work."