Brenden Iribe began heading up Oculus VR at its founding in 2012. Iribe announced today in a blog post, though; he stated that he's stepping down from the role of CEO and moving to lead Oculus' PC VR group. He stated his reasoning for stepping down as:

"As we've grown, I really missed the deep, day-to-day involvement in building a brand new product on the leading edge of technology,"

Brenden Iribe and Oculus mobile VR lead Jon Thomason will be working with Oculus parent company Facebook to find a replacement CEO. Oculus Founder Palmer Luckey hasn't commented on Iribe's decision to step down as of yet.

Far from spelling any internal issues in Oculus, Iribe's decision seems to be entirely personal. His enthusiasm for returning to the front lines of VR development is evident in his blog post:

"I’m thrilled to be on the front lines of creating the next leap forward in VR. We’ll continue investing deeply in research and development in computer vision, displays, optics, graphics, audio, input, and more to create the breakthroughs that will unlock new form factors and experiences. We’re going to move faster at solving the grand challenges of virtual reality."

I hope that Iribe's return to the VR trenches will enable even further leaps forward in Oculus' tech. I can't wait to see what comes next in the exciting world of Virtual Reality.