Oculus VR Co-Founder Leaving Facebook
October 22 2018 - 3:57PM
Dow Jones News
By Patrick Thomas
Oculus VR co-founder Brendan Iribe announced over social media
Monday that he is leaving Facebook Inc., the latest in a series of
executives to exit from the company.
"What a ride! We made science fiction into reality and inspired
a new industry in the process," Mr. Iribe tweeted Monday
afternoon.
Mr. Iribe's currently serves as vice president of
computer-tethered virtual reality for Facebook. He left his role as
chief executive officer of Oculus in 2016.
Facebook said Nate Mitchell, also an Oculus co-founder who had
been leading Oculus with Mr. Iribe, would take over the vacated
role. The company said Mr. Iribe is expected to stay on through
mid-November to help with the transition.
Mr. Iribe was CEO of Oculus VR when Facebook acquired it in 2014
for more than $2 billion. Another Oculus co-founder, Palmer Luckey,
left Facebook in March 2017 after a series of disputes with the
company.
In a Facebook post, Mr. Iribe said this will be his "first real
break" from work in more than 20 years.
His exit comes not long after the departure of the WhatsApp and
Instagram founders.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 22, 2018 15:42 ET (19:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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