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Summary:

About to release its second of two new apps, Foursquare experiences an executive shuffle.

Currently on the verge of releasing a brand new app, Foursquare confirmed on Thursday that it is experiencing an executive shuffle, first reported by Recode. The company’s COO and sixth employee, Evan Cohen, is stepping down from the company in June, while Business Development head Holger Luedorf will leave the company for a new stint at Postmates.

Cohen will remain in an advisory role as Jeff Glueck, former CEO at Skyfire and CMO at Travelocity, will take his place. The company has also found a suitable replacement for Luedorf internally, giving the position to VP of Business Development Mike Harkey.

Foursquare confirmed the news, saying, “Evan and Holger have been instrumental in growing Foursquare from a small shop to a company employing more than 170 people worldwide — without them we wouldn’t be where we are today.”

 After a turbulent few years, in which many executives predicted the company’s death, Foursquare unveiled its most recent gambit in May — splitting its core functions, check-ins and recommendations, into two separate apps. The company also cemented a $15 million licensing deal with Microsoft in February, bringing its total fundraising efforts in the last six months (including a “validating” Series D) to $50 million.