Instagram announces Adam Mosseri as new chief executive

The headquarters of Instagram social media network is seen in Silicon Valley, California, U.S.

​Facebook Inc’s Instagram on Monday announced that Adam Mosseri, the current vice president of product, will take over as the new head of the photo-sharing app.

In a blog post, Instagram’s co-founders Kevin Systrom and Mike Krieger, who have announced their departure from the company, said Mosseri will oversee all functions of the business and will recruit a new executive team.

Systrom and Krieger resigned as chief executive officer and chief technical officer of the photo-sharing app last week giving scant explanation for the move.

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