Adam Mosseri, Instagram’s head of product, will likely be appointed by Facebook the popular app’s next chief executive “in the coming days,” according to a report from The Information on Tuesday.
The news comes one day after Instagram co-founders Kevin Systrom and Mike Krieger announced their resignation, nearly eight years after launching the company. Systrom had been the company’s CEO while Krieger was its chief technical officer.
“We’re planning on leaving Instagram to explore our curiosity and creativity again,” Systrom said in a statement on Monday. “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.”