GitHub co-founder Chris Wanstrath has announced he plans to step down as CEO and transition into an executive chairman role focused on product strategy, per a Forbes report. A search for his replacement has begun. Wanstrath was previously CEO from 2008 to 2012, then reclaimed the position in 2014 when co-founder and former CEO Tom Preston-Werner resigned following an investigation into gender-based harassment.
Founded in 2008, GitHub operates an online community where developers can discover, use and contribute to code bases. It has raised $350 million from investors including Andreessen Horowitz, Sequoia and Thrive Capital. The company was valued at $2 billion with a $251 million round in 2015, but rumors surfaced late last year that it could be raising a secondary financing round at a lower valuation.