Twitch’s final founding member Emmett Shear resigns as CEO

Twitch CEO Emmett Shear is resigning from the company, he announced today with a post to Twitter and a blog post that recounted his 16 years with the platform that he helped found.

In the letter, Shear shared that the platform’s current president Dan Clancy will take over his CEO duties effective immediately. Shear will continue to work at Twitch in an “advisory role.” He did not indicate what kind of compensation that might entail. In 2014, Amazon acquired Twitch for nearly $1 billion.