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As part of the reorganization, Chief Strategy Officer Jared Grusd, who previously oversaw content, will become a strategic advisor to Snap CEO Evan Spiegel.
"Ben has been a part of our team for six years and he has done a wonderful job building our partnerships around the world across Sports, Music, Media, and Creators. Most recently, we're really excited with the growth we've seen in Snap Kit, Games, and AR," Spiegel said in an emailed statement on Friday.
Schwerin will have more direct oversight of Snap's content and international expansion teams, while Grusd will focus on Snap's international expansion and long-term objectives.
As part of his role, Schwerin will lead the company's new feature called "Spotlight" which launched in November as a rival to TikTok, where users produce short videos.
Snapchat announced in November that it would distribute more than $1 million every day to Snapchatters who create the top videos on Spotlight. One user, The New York Times reported, has earned nearly $3 million in five weeks from the company for posting content that went viral.
Spotlight highlights videos from Snapchat on a user's feed based on an algorithm and pays money to the creators of the most-viewed videos each day. It expects the feature to be an area of growth for the company.
A spokesperson said the company is looking for a senior leader for Spotlight who will report to Schwerin.
"I'm grateful to Jared for his friendship and for the many contributions he made to Snap in his role as chief strategy officer," Spiegel said. "I look forward to his contributions in his new role as strategic advisor, where we can leverage his strategic insights as we look for opportunities to accelerate our long-term objectives."