Michael Seto/Business Insider
Brendan Iribe.
Oculus VR CEO Brendan Iribe is stepping down.
Iribe will lead a new division within the Facebook-owned company that's dedicated to building high-end virtual reality for PCs, he said $4. A new mobile VR group will be led by Jon Thomason, who recently joined from Amazon.
A new CEO for Oculus has yet to be named.
Iribe helped created Oculus as a Kickstarter project with Palmer Luckey in 2012 and was brought on as CEO when Facebook acquired the startup for $2 billion in 2014.
"Looking ahead and thinking about where I'm most passionate, I've decided to lead the PC VR group-pushing the state of VR forward with Rift, research and computer vision," Iribe said. "As we've grown, I really missed the deep, day-to-day involvement in building a brand new product on the leading edge of technology."
Iribe, Thomason, and Facebook CTO Mike Schroepfer will together look for a new CEO to lead Oculus.
Iribe's blog post curiously makes no mention of his Oculus cofounder Palmer Luckey, who has gone silent and not appeared publicly since he $4 in September.