Oculus CEO Brendan Iribe is stepping down from his position, but he’s not going far, according to a post on Oculus’ official blog. Iribe will be moving on to another position within Oculus.

“Looking ahead and thinking about where I’m most passionate, I’ve decided to lead the PC VR group—pushing the state of VR forward with Rift, research and computer vision. 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.”

A replacement has not been named, but according to the post, Iribe will work with Mike Schroepfer, CTO of parent company Facebook to find a successor.