Facebook's technology head Mike Schroepfer to step down

Facebook Inc's Mike Schroepfer said on Wednesday that he was stepping down as the company's chief technology officer.

Schroepfer said in a Facebook post that Andrew Bosworth, vice president of AR and VR technology at the social media company, will take over the role in 2022.

Schroepfer, who spent 13 years at Facebook, said he would transition to becoming Facebook's first Senior Fellow sometime next year.