Brendan Iribe Steps Down as Oculus CEO to Lead Newly Created PC VR Group

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Brendan Iribe is stepping down as CEO of Oculus to lead its newly created PC VR group. Meanwhile, the search is on for a next head of Oculus, maker of the Rift virtual reality system, which Facebook acquired for $2 billion in 2014.

The move is part of a restructuring, with Iribe described in an Oculus blog post on Tuesday. “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,” he wrote. “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.”

Jon Thomason, who recently joined Oculus as head of software, will lead the mobile VR group.

“Together we’ll work with Mike Schroepfer, CTO of Facebook, to find a new leader for the Oculus team,” Iribe wrote, raising questions as to who would be next to lead the company. An Oculus spokeswoman confirms that the company will hire a new leader for the Oculus team, though that person will not hold the title of CEO.

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SOURCE: The Hollywood Reporter, Natalie Jarvey and Carolyn Giardina