Facebook CTO Bret Taylor is leaving the social network this summer to pursue new opportunities, Taylor announced his upcoming departure on Friday afternoon.
Taylor will be teaming up with Google software engineer Kevin Gibbs on a new project that has yet to be named.
Speaking to AllThingsD‘s Kara Swisher the Facebook CTO said:
“I had always been upfront with Mark that I eventually wanted to do another startup. And we felt it was the best time after the IPO and the launch of some recent things for me to do that.”
Bret Taylor was promoted to CTO two years ago and oversaw the company’s main platform and its two mobile products. Mike Vernal and Cory Ondreijka will now take over those two product lines.
Before joining Facebook Bret Taylor worked at Google for four years, during his time at Google he helped develop Google Maps, Google Local and the Google Maps API. In 2007 Bret Taylor left Google to form Friendfeed which he sold to Facebook in 2009.
The choice to leave Facebook comes at a time when its stock continues to plummet and lawsuits have begun to mount.