Facebook Chief Technology Officer Mike Schroepfer To Step Down

Facebook Chief Technology Officer Mike Schroepfer, a 13-year veteran who oversees the social network's work in artificial intelligence, virtual reality and the blockchain, will step down next year. From a report: Another longtime Facebook executive, Andrew Bosworth, will take over as CTO, according to an internal message on Wednesday from Chief Executive Officer Mark Zuckerberg. Schroepfer's move marks the most significant departure from the company in years and follows the recent exits of several other top executives. Known as 'Schrep,' Schroepfer joined Facebook in 2008 and has been CTO since 2013, reporting to Zuckerberg. He sits atop many of Facebook's most ambitious organizations -- including groups that the social network is depending on for future growth -- such as engineering, infrastructure, augmented reality and VR, and the blockchain and finance unit. His desk sits next to Zuckerberg's and operating chief Sheryl Sandberg's at Facebook headquarters.

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