Jay Graber is stepping down from her role as CEO of Bluesky, the decentralized social media platform, the company announced.

Graber will transition to a new position as Chief Innovation Officer, according to one report, while the company's board of directors initiates a search for a permanent replacement.

Venture capitalist Toni Schneider will serve as interim CEO during the transition period, according to another report. Schneider's background in venture capital brings executive experience to the role as Bluesky navigates the leadership change.

Bluesky has emerged as an alternative social media platform built on decentralized technology, positioning itself as a competitor to traditional centralized platforms. The platform has gained attention for its approach to user control and data ownership.

The timing and specific reasons for Graber's departure were not detailed in the available reports. Leadership transitions are common in the technology sector as companies evolve and scale their operations.

The company's board will now focus on identifying and selecting a permanent CEO to lead Bluesky's continued development and growth in the competitive social media landscape.