Moves: Facebook CTO Mike Schroepfer To Step Down
There’s a major leadership change at the social media giant Facebook, Inc. The company’s long-time Chief Technology Officer (CTO), in the person of Mike Schroepfer, is stepping down from his role. His departure plans were made known in a recent SEC filing.
- Schroepfer will leave the CTO role by next year but won’t leave Facebook entirely. He’ll be transitioning to the role of “Senior Fellow” at the company, a position that seems to have been created just for him as he’ll be the first to adopt it.
- When he steps down, Schroepfer will be replaced by a star engineer at Facebook named Andrew Bosworth, the company’s current vice president of augmented and virtual reality. Bosworth is a crucial leader for Facebook’s hardware development and R&D efforts and a known close confidant of CEO Mark Zuckerberg.
- As Bosworth takes up the CTO role, he’ll be switching from leading just Facebook’s hardware team of 10,000+ employees to both the hardware and software teams and artificial intelligence efforts, with thousands of more employees to oversee. It’s a significant step-up for his career.
- Under Schroepfer’s leadership, Facebook’s engineering and technology operations have scaled to enormous heights, though riding on the backs of many scandals that have made the company infamous.
- As CTO, Schroepfer has expectedly been one of Facebook’s highest-paid employees. Data shows that he’s received a total of $180mn in compensation from 2011-2020.