As Ren Ng posted in Lytro company blog, "we have entered a new chapter for Lytro. I have decided to step aside as CEO and take on a new role that will let me concentrate on innovation as Executive Chairman. I will remain a full-time employee, 100% focused on Lytro. In my new role I will shift attention from day-to-day operations, to focus again on product vision, technology, and strategic direction for the company.
Charles Chi will be taking over as interim CEO. Charles has been our Executive Chairman for the last two years."
"The last two years have been a very exciting and dramatic period of growth for Lytro. We launched the company out of stealth, raised approximately $50M, grew a team of over 80 people, and shipped a truly revolutionary product."