Facebook's former News Feed chief will take over Instagram

Instagram has officially named a successor to outgoing CEO Kevin Systrom. 

Adam Mosseri, who previously ran Facebook's News Feed before moving to Instagram as VP of Product, will take over the role as Instagram's top exec, the company announced. 

The announcement comes one week after Instagram's cofounders unexpectedly announced their departure from Facebook, fueling rumors that there were growing tensions between Instagram's leadership and Facebook's. 

"We’re confident that under Adam’s leadership, Instagram will evolve and improve and we look forward to the future of the product and community," Systrom and Instagram cofounder Mike Krieger wrote in a statement announcing the change.  Read more...