Tumblr CEO resigns

Tumblr founder and CEO David Karp will leave the company at the end of 2017.

Karp said he is leaving Tumblr is better hands, with Jeff D’Onofrio, the current COO, taking charge.

“Jeff is the most capable and caring leader I’ve ever met, which I say with no exaggeration,” said Karp.

Karp said he looks back with pride at his 11 years at the company.

He thanked Tumblr staff, and said his decision comes after months of reflection on his personal ambitions.

Now read: Tumblr launches Safe Mode

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Tumblr CEO resigns