Kevin Systrom Co-Founder and Mike Krieger CTO quits Instagram

Kevin Systrom and Mike Krieger have resigned and plan to leave the company in the coming week. Kevin and Mike founded Instagram in 2010 and sold the company to Facebook for 1$ billion in 2012 they both restrained the position of leadership roles.

A recent development, both have resigned from Co-founder and Chief Technical Officer position and in a statement, Systrom confirmed his and Krieger’s resignation. “Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team. We’ve grown from 13 people to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We’ve now ready for our next chapter,” Said Systrom.

“We’re planning on taking some time off to explore our curiosity and creativity again,” he added. “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.”

Facebook CEO Mark Zuckerberg said in a statement to THR: “Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents. I’ve learned a lot working with them for the past six years and have really enjoyed it. I wish them all the best and I’m looking forward to seeing what they build next.”